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Ecclestone places bid to buy famed Nurburgring track

Jan 15, 2014, 3:33 PM EST

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Formula One supremo Bernie Ecclestone is looking to buy perhaps the most hallowed track in the history of the sport. Reuters reported today that that the British billionaire has put in a bid to acquire the Nurburgring, which has fallen on hard times financially in recent years.

According to Reuters, the assets up for bidding include the track and an adjacent amusement park. An official for the administrators told Reuters that they would not comment on specific bidders but are looking to have a new owner in place soon so they “can start the season in April.”

The famous Nurburgring Nordschleife course has not hosted a Formula One Grand Prix since 1976 – a race known for the fiery wreck that almost took the life of three-time World Champion Niki Lauda. A smaller, modern circuit near the original has alternated with Hockenheim as host of Germany’s F1 event since 2007.

Nurburgring fell into bankruptcy in 2012 after its organization amassed major debts following the construction of a major complex at the track that included the aforementioned amusement park and a large shopping mall. Bigger crowds didn’t appear as expected, and in 2013, bidding began for potential buyers.

Ecclestone had pondered the idea of putting in a bid last year, telling one German publication, Die-Welt, in July that he was “at least thinking about” going ahead with it. But shortly after, he told another German publication, the Rhein-Zeitung newspaper, that he’d decided it wasn’t practical for him.

Now, it appears that he’s had yet another change of heart on the subject.

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

  1. midtec2005 - Jan 15, 2014 at 4:28 PM

    How cool would it be to see this track modernized (better fences so cars can’t go flying into trees…)? Nothing here says that will happen, but we can all dream.

  2. worknman24hours - Jan 15, 2014 at 8:10 PM

    The Nurburgring is under attack.

    If it is left undefended, soon it will be gone.

    The land it sits on will be chopped up into development parcels and the track will be chopped up into untraceable neighborhood access roads.

    If Bernie Ecclestone can be the man who steps forward with not only the money but also a plan to save the Nurburgring by making the original track financially stable for future generations to enjoy, it would be a very fitting tribute to a guy whose heart has run asphalt black and money green his whole life.

    Someone needs to come forward before the track dies.

    I wish Bernie all the best of luck and really do hope he can or someone who gives a real daxx about the track before the best natural track of all time dies.

    Sadly ,I fear we will see a time soon when the Nurburgring lives only in the videos of the old days and the video game simulations that so wonderfully repeat every turn ,every bump and every sweet challenge this one of a kind track offers.

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