Ecclestone makes bid for historic Nurburgring

nurburgring-aerial

Formula 1 supremo Bernie Ecclestone has put in a bid to buy the legendary, yet financially troubled, Nurburgring circuit, it was revealed on Wednesday.

The race track has gone into administration after local politicians loaded it with debt equating to around 50 years worth of profit and the famed and feared track is now looking for a new owner.

A source close to the procedure told Reuters that Ecclestone had submitted an offer for the circuit which, at 20km, is the world’s longest race track but which has not hosted a Grand Prix since Niki Lauda crashed there in 1976.

The adjacent modern F1 track, which is 5.1km in total, first hosted Formula 1 in 1984 but now alternates hosting the German Grand prix with Hockenheim.

Completed in 1927, the original Ring was built to showcase German auto engineering and racing prowess, and now some of the country’s deep-pocketed carmakers have been cited as potential bidders.

The assets include the track and adjacent amusement park that features a rollercoaster designed to mimic an F1 car.

An official for the administrators refused to comment on Ecclestone’s bid, saying: “We do not comment on any specific bidders. But everybody who has an interesting offer is warmly welcome.”

“We’re in the final stages of the process and want to conclude it in Q1, so that the new owner(s) can start the season in April.”

The 83-year-old Ecclestone himself told two German publications on Wednesday that his move was aimed at keeping a Formula 1 race in Germany in the coming years.

“We made an offer and we now wait for it to be accepted,” he told the Handeslblatt and Wirtschaftwoche publications.

“We believe that we can do more than anyone else for the circuit. There could be a decision as early as in the coming weeks.” (Reuters)

Subbed by AJN.

  • Urko

    Does he really think that bcs of this the German prosecutors won’t prosecute him. Scumbag!

  • matthew

    Well we all know how corrupt the german government is, maybe its a deal they put together!

  • Urko

    Looks like not;) Germany is not like UK or USA where you can buy everything.

  • SteveisGreat

    Lol but in Germany you can buy people. Legally!

    Someone needs to to step in and taske over the Green Hell. Who better than Bernie?

  • haha

    You can say what you want of Bernie, he saved F1 in the past (it’s the FIA who ruins the sport not him. If he saves the Nordschleiffe he is a legend to me, hopefully he invests in it too to make it safer without changing layout or surroundings. I would love to see them race again on a real track, apart from Spa and Suzuka there is not much of a challenge anymore.

  • matthew

    @Urko I assume your german? I truly meant no offense to german people, but you are blind if you think the german government is not one of, if not the most corrupt civilzed governments on earth. And to @haha, almost all the tracks in f1 are “real tracks.” However, I would fully agree that suzuka and spa are vastly superior to all the others.

  • Urko

    @matthew, no i’m not. But through my experience I’ve learned that germans are the most organised, you can allways count on them & whatever they start to make, they make it better than anyone on the world. And in contrast to brits or americans they still know what moral & ethics is. btw, i wasn’t talking about politicians, i was talking about germans as a nation (in conjunction to their prosecutors).

  • matthew

    @Urko Ignoring the financial crisis they helped to extend, germany is a $ worshipping country, very materialistic and shallow. As far as morals, Canada clearly trumps uk, germany and usa! (I live in the usa, but I can throw a rock from my house into canada)

  • Urko

    @matthew; …” Ignoring the financial crisis they helped to extend,”… Agree 100%. Don’t worry, I also don’t likie (better say hate)Angela. But let me repeat. I wasn’t talking about politicians.