Bernie Ecclestone to Save Nurburgring? Not Exactly

Nurburgring track 1 photo
Photo: Nurburgring
The financially troubled Nurburgring circuit was the subject of a new acquisition rumor this weekend, when Formula One president and CEO Bernie Ecclestone was linked with the German facility.
"If I do that (buy the circuit) it would mean the German Grand Prix is secure in the future," Ecclestone told Die Welt newspaper, firing hope in the hearts of racing enthusiasts. However, the British magnate needed only one day to change his mind, according to the Rhein-Zeitung.

"I thought about it and it (buying the Nurburgring) is not practical for me," he told the newspaper, adding that he hopes someone buys the Nurburgring as "we are always happy to come here, especially as we've been coming here for so long."

Built in 1927, the Nurburgring track went into bankruptcy in July 2012 with about €400 million ($514 million) worth of debt. With a current yearly turnover of almost €60 million ($77 million), the facility is expected to sell for around €118 million ($152 million). The new owner will take over the Nurburgring and its 12.8 miles of track free of debt.
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About the author: Ciprian Florea
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Ask Ciprian about cars and he'll reveal an obsession with classics and an annoyance with modern design cues. Read his articles and you'll understand why his ideal SUV is the 1969 Chevrolet K5 Blazer.
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