Nurburgring management eyes F1 rescue plan

181 views

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 f1, germany, gmm, grand prix, nurburgring

User photos

devilwoman
F1

devilwoman

1 photos
stirlingf18
F1

stirlingf18

1 photos
erikjunius
F1

erikjunius

37 photos
EuroRacer
F1

EuroRacer

21 photos
SurdinP
F1

SurdinP

1 photos
max
F1

max

29 photos
ADLITIKA
F1

ADLITIKA

213 photos
Upload photo