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Bernie waived ‘Ring fee to save GP

2013-06-26 10:21

Germany is only on this the 2013 Formula 1 calendar because the sport's chief executive Bernie Ecclestone waived the Nurburgring's usual race fee.

That is the claim of Bild newspaper, referring to the circuit's financial problems that put at risk the race-alternating scheme with Germany's other F1 host, Hockenheim.

To ensure the embattled Nurburgring hosts its scheduled race on July 7, Ecclestone agreed to waive his organisation's usual R184-million race fee.

A GIFT FROM BERNIE

Bild's Helmut Uhl said: "Bild has learned that without the gift, there would not have been a Grossen Preis von Deutschland on 7 July.

"The Rhineland-Palatinate state and the insolvent Nurburgring GmbH could not have afforded the fee."

A spokesperson for the company responsible for the Nurburgring's insolvency process confirmed: "We achieved an agreement in a very short time with Ecclestone.

"The details are not disclosed."

Nurburgring's insolvency administrator Jens Lieser added: "With his commitment to the Nurburgring, Ecclestone did German F1 fans a big favour."
 

GMM

Comments
  • Maartins Siphiso - 2013-06-26 11:46

    Heil Bernie.

  • Joe Black - 2013-06-26 12:39

    i`m sure he can waiver the fee for a SA F1 race too.

  • Keith Monale - 2013-06-26 14:12

    Save the Ring!!

  • HJS - 2013-06-27 10:23

    good for bernie, "The Ring" is an important historical venue. Needs to be permanently "saved" some way or the other.

  • Marius Lubbe - 2013-06-27 11:15

    Sometimes doing the right thing is more important than making the money.

      Maartins Siphiso - 2013-06-28 09:19

      I second that.

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