Ecclestone could buy Nurburgring track

According to news reports, Bernie Ecclestone is thinking of buying the Nurburgring circuit.

Die Rheinpfalz newspaper has reported that Ecclestone would not say how much he would pay for the circuit, whose future is in the air after entering an insolvency process last week. However the report did clarify that Ecclestone would not be willing to organise the race at his own expense, nor forego the sanctioning fee for 2013, as was previously reported in the German media.

Earlier on Thursday, it was reported that another option for the Nurburgring is a management buyout, with its current debts far outweighing the value of the famous track.

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.”

Source:GMM