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Motor Sports

Report: F1 boss Ecclestone could buy Nuerburgring

  • (FILES) A photo taken on July 21, 2007 shows Finnish Ferrari driver Kimi Raikkonen (L) driving at the Nuerburgring racetrack, during the qualifying session of the European Formula One Grand Prix. (AFP PHOTO BERTRAND GUAY)

  • FILE - In this April 27, 2012 file picture an aerial view of the Nuerburgring F1 race track is photographed in Nuerburg, Germany. (AP Photo/dapd/ Torsten Silz,File)

BERLIN: Formula One boss Bernie Ecclestone is reportedly in talks to buy the country's financially troubled Nuerburgring circuit.

German daily Die Rheinfpalz reports Ecclestone confirmed his interest in rescuing the racing complex "but not at his own risk."

It says Ecclestone did not reveal the conditions or pricing details of his offer.

Nuerburgring, which last week launched insolvency proceedings, shares the German Grand Prix in alternating years with Hockenheim, which held the race last weekend.

The proceedings were launched amid fears of running out of cash, as the European Union is expected to refuse approving planned government aid of $16 million by Tuesday.

 
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