Nurburgring management eyes F1 rescue plan

Jul.26 (GMM) The operators of the Nurburgring are considering buying the embattled circuit.

The development comes after the German Grand Prix host last week commenced an insolvency process, which has endangered the future of the venue's biennial Formula One race.

Aerial views of the Nurburgring and the new development and facilities around it and the dorint hotel
Aerial views of the Nurburgring and the new development and facilities around it and the dorint hotel

Photo by: xpb.cc

One solution could be for the circuit's existing management to propose a buyout, amid reports the Nurburgring's current debts actually outweigh its overall value.

"If it is on the table, we would think about whether and how we would participate in the tender," Nurburgring Automotive GmbH chief Jorg Lindner is quoted by the German news agency SID.

He also revealed: "We have developed a concept for the Formula One race at the Nurburgring that does not require a cash grant from the state."

Write a comment
Show comments
About this article
Series F1
Article type Breaking news
Tags germany, grand prix, nurburgring

User photos

EuroRacer
F1

EuroRacer

45 photos
Josefine Lißner
F1

Josefine Lißner

1 photos
hanmerdesign
F1

hanmerdesign

9 photos
Evan_DeCiren
F1

Evan_DeCiren

30 photos
colfox72
F1

colfox72

1 photos
gillfoto
F1

gillfoto

1 photos
akazoinho
F1

akazoinho

4 photos
Tim Holmes
F1

Tim Holmes

25 photos
Upload photo