Bernie Ecclestone who currently runs the F1 is looking into buying the financially troubled Nurburgring, according to German newspaper Die Rheinpfalz. Apparently Ecclestone is not willing to disclose a price he will pay for the track to keep it alive and a part of the F1 calendar, however he did mention that he will not pay the sanctioning fee for 2013 as was previously reported. Besides the hype surrounding Ecclestone’s interest in buying the legendary track, the other option to help the track form being shut down is a management buyout. Nurburgring Automotive GmbH chief Jorg Lindner said, “We have developed a concept for the Formula 1 race at the Nurburgring that does not require a cash grant from the state.” This 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 1 race. The track seems to be in heaps of trouble now as its debt outweighs its value. The future looks bleak for this fabled venue and we hope someone can come its rescue before it is permanently closed down.
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