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#159411
From F1 Live:

Hockenheim's place on the Formula One calendar has been secured until 2018, it was confirmed by organisers on Wednesday.

The fate of the German venue has been uncertain for months, after the promoters said they were no longer willing to absorb multi-million euro race losses.

It was announced on Wednesday that a new contract has now been signed, whereby the German Grand Prix will be held at Hockenheim in 2010, and thereafter every other year in a renewal of the current alternating scheme with the Nurburgring circuit.

F1's governing body, the FIA, had already announced that a German round will be held next July 25.

It has also come to light that Formula One Administration (FOA), the company led by Bernie Ecclestone, has taken on some of the "business risks" of promoting future editions of the German Grand Prix at Hockenheim.

It had been believed that only the regional government was contributing to the solution, but the race organisers confirmed in a statement that FOA has agreed with Hockenheim to share the "business risks and opportunities" of hosting the race.

In a news conference, Hockenheim mayor Dieter Gummer did not want to give any more away, but he confirmed that the city no longer has to worry about a projected six million euro loss for the 2010 event.

D.B. © CAPSIS International
Source: GMM


Business risks? Not very big ones, as Germany has an excellent motor racing set up. Plenty of decent young drivers will make their way through the ranks between now and then, and Vettel is a future world champion.
#159415
That is just standard speak that FOA use.

It's been said by Bernie for years and years. :hehe:

BTW, im glad the financial security of the event has been saved.
#159437
Wow I was not expecting that. So does that mean no more nurburgring?


No it means that Hock will continue to alternatively host it until 2018.
#159440
Wow I was not expecting that. So does that mean no more nurburgring?


No it means that Hock will continue to alternatively host it until 2018.



Oh thats cool. I think they need to do something like that for the USGP.
#159662
I really liked the old Hockenheimring for its high speed straights and the forest it ran through. The new one is also good, there are some very technical corners in the 3rd sector and it usually isn't boring. Bravo Bernie for securing another good track to the calendar!
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