Nurburgring get new offer to save F1 race
14 December, 2011
Dec.14 (GMM) F1 chief executive Bernie Ecclestone has put an offer on the table in an effort to save Formula 1′s biennial German Grand Prix at the Nurburgring.
Local politics have threatened the future of the event, with the new green-influenced ruling alliance in the Rhineland-Palatinate state baulking at the use of public funds for F1.
Circuit operator Jorg Lindner responded earlier this year by saying the race contract with Ecclestone needs to be renegotiated.
On Tuesday, Nurburgring spokesman Karl-Heinz Steinkuhler said the state’s financial involvement has already fallen from about EUR 13.5m to less than 10 million.
At the same time, meetings with Ecclestone have taken place.
“The proposal will now be discussed with (interior minister) Roger Lewentz,” read a report by the German news agency DPA.
The Tageblatt newspaper said the Nurburgring’s theme park operations including the rollercoaster will be scaled down, with about 60 jobs made redundant to cut costs.
A spokesman said the Nurburgring’s future will thereafter be “highly profitable”.
Related posts:
- Future of Nurburgring F1 race positive
- Cold, wet, grey at Nurburgring on race day
- State funding for Nurburgring race to end
- Nurburgring deny F1 calendar exit rumour
- Nurburgring wants better F1 deal
I do worry for the euro races after what Bernie has stated saying they are a dying breed! Its the character of the European tracks that makes them so exciting! Would be a shame to see the list dwindle year after year! its the wrong way to go, but eh its typical Bernie, always after money rather than fantastic racing.
Bernie already saved the Hockenheim race by guaranteeing to cover 50% any possible loses.