Jan 15, 2014, 3:33 PM EDT
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.”
Jul 26, 2014, 6:30 AM EDT
Boycott of the race in Sochi this October seems unlikely.
Jul 26, 2014, 6:02 AM EDT
Clean sweep of practices for Hamilton, but Rosberg is still hanging onto his teammate’s coattails.
Jul 26, 2014, 4:45 AM EDT
Lewis Hamilton looks to continue his clean sweep of practice in Hungary.
Jul 26, 2014, 1:14 AM EDT
BROWNSBURG, Ind. – In an exciting finish that featured plenty of beating and banging, Kyle Busch waited until the final turn of the final lap to get by John Hunter Nemechek and win Friday night’s ARCA CRA Super Series Circle City 100 late-model event at Lucas Oil Raceway.
Jul 25, 2014, 8:45 PM EDT
Action Express wins Indy; RSR, Viper and Ferrari the other TUDOR Championship class winners.
Jul 25, 2014, 7:00 PM EDT
After Tanner Foust emerged as the victor of a riotous final in New York, the beat goes on for Red Bull GRC this weekend with a trip to The Dirt Track at Charlotte Motor Speedway.
Jul 25, 2014, 6:34 PM EDT
On Friday’s edition, the NASCAR America crew discussed the favorites for Sunday’s Brickyard 400. And not surprisingly, Jimmie Johnson is the easy pick — but there are a few other drivers who could contend.
Jul 25, 2014, 6:26 PM EDT
On Friday’s edition of NASCAR America, Sam Hornish Jr. joined Leigh Diffey to discuss Jimmie Johnson’s quest for his fifth Brickyard 400 win. Hornish noted that Johnson’s first win at the Indianapolis Motor Speedway was a positive turning point for his team.
Jul 25, 2014, 6:17 PM EDT
On Friday’s NASCAR America, Clint Bowyer talked about handling Indianapolis Motor Speedway, site of Sunday’s 21st annual Brickyard 400, as well as his teams’ improvement and his hopes of getting into and winning the Chase for the Sprint Cup.
Jul 25, 2014, 5:42 PM EDT
After a long day of testing at Mid-Ohio Sports Car Course, Penske Racing teammates Juan Pablo Montoya and Will Power went to see a movie Wednesday in Mansfield, Ohio. Check out Montoya’s hilarious tale about what they saw.
Jul 25, 2014, 5:00 PM EDT
“Every day I wake up and I’m like, ‘Yes, let’s do it again.’ Then there are thoughts of ‘I finished sixth, that’s pretty special.’ I don’t know if I could achieve that result again.” – Outlaw
Jul 25, 2014, 4:45 PM EDT
INDIANAPOLIS – Juan Pablo Montoya has twice come close to winning the Brickyard 400, only to suffer maladies that kept him from kissing the finish line bricks at Indianapolis Motor Speedway in celebration.
Jul 25, 2014, 3:31 PM EDT
The former Sprint Cup champion steps behind the counter and serves up cold ones…Of truth.
Jul 25, 2014, 2:58 PM EDT
INDIANAPOLIS — Everyone seems to be concerned Matt Kenseth hasn’t won a race thus far in 2014 – everyone, that is, except Kenseth himself.
Jul 25, 2014, 2:17 PM EDT
The four-time Brickyard 400 champion says he had to go against his “natural tendencies” as a driver in order to become as successful as he has been at Indy.
Jul 25, 2014, 2:00 PM EDT
All of the latest news and analysis from the paddock at the Hungaroring.
Jul 25, 2014, 2:00 PM EDT
Red Bull leading the race for the podium in Hungary, but Ricciardo still has some concerns.
WATCH LIVE: NASCAR AMERICA at 5 pm ET — Hornish on nuances of Indy, JJ and Bowyer, Indiana racing history
Jul 25, 2014, 1:40 PM EDT
On Friday’s edition of NASCAR America, Leigh Diffey will again be joined in-studio by 2006 Indianapolis 500 winner and 2014 Nationwide Series Iowa winner Sam Hornish Jr.
Jul 25, 2014, 1:30 PM EDT
P1 and P2 in both practice sessions, but not 100% where they want to be.
Jul 25, 2014, 1:20 PM EDT
Defending Brickyard 400 winner would push for mid-week races if he were in charge of creating the Sprint Cup schedule.