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Nurburgring eyes F1 rescue plan

2012-07-26 11:59

Formula 1 race organisers of Germany's Nurburgring are considering buying the embattled circuit.

The development comes after the German Grand Prix circuit commenced an insolvency process, which has endangered the future of the venue's biennial F1 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.

Nurburgring Automotive GmbH chief Jorg Lindner said: "If it is on the table, we would think about whether and how we would participate in the tender. 

"We have developed a concept for the F1 race at the Nurburgring that does not require a cash grant from the state."


 

GMM