Jul.7 (GMM) Bernie Ecclestone on Sunday performed a swift u-turn, having said earlier he is "thinking about" buying the financially embattled Nurburgring.
"If I do that (buy the circuit)," the F1 chief executive had told Die Welt newspaper, "it would mean the German Grand Prix is secure in the future".
According to quotes that will appear in the Rhein-Zeitung newspaper on Monday, however, 82-year-old Briton Ecclestone has had a rapid change of heart.
"I thought about it and it (buying the Nurburgring) is not practical for me," he said.
Ecclestone's latest comments follow reports Red Bull mogul Dietrich Mateschitz, Nurburgring chief Jorg Lindner and the German automobile club ADAC are also interested in bidding for the fabled circuit.
Ecclestone said he hopes someone buys the Nurburgring "as we enjoy being here".
"We are always happy to come here," he added, "especially as we've been coming here for so long."