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26th
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From 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.
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."
UPDATE
Die Rheinpfalz newspaper reported on Thursday that Bernie Ecclestone is 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, whose future is in the air after entering an insolvency process last week.
Rheinpfalz did however say the 81-year-old 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.
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.
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."
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UPDATE
Die Rheinpfalz newspaper reported on Thursday that Bernie Ecclestone is 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, whose future is in the air after entering an insolvency process last week.
Rheinpfalz did however say the 81-year-old 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.