Ecclestone considers buying Nurburgring to save race
6 July, 2013
Formula 1 chief executive Bernie Ecclestone has revealed that he is thinking about securing the future of the Nurburgring’s Formula 1 race, by purchasing the embattled circuit.
Weighed under by financial problems and now for sale, this weekend’s round at the famous track in the Eifel only survived on the 2013 calendar because Ecclestone heavily reduced his sanctioning fee.
Asked by Die Welt newspaper about the Nurburgring’s future beyond the German Grand Prix on Sunday, Ecclestone answered: “It’s quite possible that I’ll buy [the circuit].
“At least I’m thinking about it.
“If I do that, it would mean the German Grand Prix is secure in the future, taking into account of course the existing contracts with Hockenheim.”
The 82-year-old Briton said he will make his final decision “in a few months”.
“At any rate,” Ecclestone insisted, “the German Grand Prix next year will be at Hockenheim. There are binding contracts and I will keep to them.”
The Formula 1 supremo also said he is hoping “two new races” in America will complement the now annual Austin race, “namely in Long Beach and New York (New Jersey)”.
Ecclestone also said that F1 is also planning races in Thailand, as well as Baku — the capital of Azerbaijan. (GMM)
Subbed by AJN.