Red Bull Ring could host Austrian GP 9 May, 2011 Aerial view over the A1-Ring aka Red Bull Ring May 9 (GMM) Formula 1 supremo Bernie Ecclestone has indicated he would be happy for Grand Prix racing to make a return to Austria. Red Bull mogul Dietrich Mateschitz has rebuilt the A1-Ring – now known as the Red Bull Ring – at Zeltweg and Michael Schumacher said in Turkey he sees “no reason” why the Austrian Grand Prix should not return to the historic venue. Billionaire Mateschitz himself rates the chances of a Formula 1 contract at “more than minor”. The new circuit layout, which has received Formula 1 standard homologation, is hardly unchanged since Formula 1 was there last in 2003. The venue is set to re-open this week and Formula 1 chief executive Ecclestone – the architect of the annual race calendar – said, “It is good that the circuit is ready to go again.” “We have always gone down there very happily. We have always loved Austria,” the 80-year-old Briton is quoted by APA news agency. As for whether Formula 1 will return to the country, he declared, “Everything is possible.” Ferrari team boss Stefano Domenicali at the weekend said one of the changes F1 teams want for the next Concorde Agreement is “the return of some European circuits”.