Last week the state-owned company Nürburgring Automotive GmbH, owners of the world-famous race track, filed for bankruptcy in a German court following debt of over €280 million.
One possible solution could be for the circuit’s existing management to propose a buyout. “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 told German news agency SID.
The second option involves Bernie Ecclestone, who, according to Die Rheinpfalz newspaper, is also looking into buying the embattled Nurburgring. Citing an interview with F1′s chief executive, the report said Ecclestone would not talk about the price he is willing to pay for the German grand prix venue. Rheinpfalz did, however, say Ecclestone is not willing to organise the race at his own expense, nor forego the sanctioning fee for 2013, as was previously reported in the German media. Nurburgring Automotive GmbH chief Jorg Lindner said: “We have developed a concept for the Formula One race at the Nurburgring that does not require a cash grant from the state.”