Jan 15, 2014, 3:33 PM EST
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.”
Dec 20, 2014, 6:29 PM EST
Matt Henderson, Henderson Motorsports, and local businesses deliver presents and gifts to family in La Crosse, Wisconsin.
Dec 20, 2014, 5:29 PM EST
Times Square’s ‘ball drop’ will have nothing on Indianapolis as it lowers an Indy Car as the final seconds of 2014 tick off.
Dec 20, 2014, 4:30 PM EST
Michael Tatoian has been able to help bring additional events to the Monster Mile beyond its two NASCAR weekends.
Dec 20, 2014, 4:00 PM EST
Carl Edwards was the most sought-after Sprint Cup free agent in 2014. After more than a decade with Roush Fenway Racing, Edwards announced he will be driving for Joe Gibbs Racing in 2015.
Dec 20, 2014, 3:35 PM EST
Red Bull Straight Rhythm is a one-of-a-kind event, featuring an “unwound” supercross track and head-to-head racing. Tune in to NBC to see how it all played out.
Dec 20, 2014, 2:00 PM EST
BayernLB sues Ecclestone and his family holding for 345 million Euros.
Dec 20, 2014, 1:00 PM EST
Dillon made a big first impression and then quietly learned the ropes in Sprint Cup.
Dec 20, 2014, 12:00 PM EST
Clint Bowyer endured the worst season of his Sprint Cup career in 2014. He hasn’t won a race since 2012, but 2015 could be a comeback year for him.
Dec 20, 2014, 11:40 AM EST
Can’t say these sweaters aren’t memorable.
Dec 19, 2014, 9:45 PM EST
Daughter of legendary Funny Car champ John Force, Brittany Force is out to prove that 2015 will be her year in NHRA Top Fuel racing.
Dec 19, 2014, 6:55 PM EST
Michael Schumacher’s son, Mick Jr., spent a recent testing day in a Formula 4 car, a possible prelude to following in his famous father’s footsteps.
Dec 19, 2014, 4:30 PM EST
Edwards’ Arris car won’t be hard to find in a pack next year.
Dec 19, 2014, 4:00 PM EST
Rare, intriguing call for CGR to put two lesser-experienced drivers in No. 01 car.
Dec 19, 2014, 3:00 PM EST
Williams’ stellar 2014 season, recapped in pictures and words.
Dec 19, 2014, 2:15 PM EST
Ryan Newman and Matt Kenseth proved that consistency still pays.
Dec 19, 2014, 1:49 PM EST
The fan-favorite Sprint Experience at NASCAR tracks across the country is apparently no longer, according to a media report.
Dec 19, 2014, 1:30 PM EST
McMurray shined at the All-Star Race in May but missed out on a 2014 Chase berth.
Dec 19, 2014, 12:57 PM EST
Kyle Larson had a tremendous rookie season in 2014. If he was that good this season, imagine how much better he’ll be next season and seasons to come.
Dec 19, 2014, 12:30 PM EST
Felipe Nasr’s No. 12 rounds out the F1 grid number choices for 2015.
Dec 19, 2014, 12:00 PM EST
Jean-Eric Vergne signs with Ferrari as a test and development driver, which means a bunch of simulator work.
Video from NASCAR America
- Michael Schumacher’s son, Mick Jr., has ‘secret’ F4 test 3
- Report: The Sprint Experience will not return in 2015 4
- Vergne joins Ferrari as a test driver 1
- IndyCar champ Will Power’s hidden talent — breakdancing 0
- NASCAR: Bubba Wallace confirmed for Roush Fenway XFINITY program 1
- Top NASCAR stories of 2014: No. 13 – Chase Elliott wins final Nationwide Series championship at record age 0
- CVC adds di Montezemolo, Walsh to Board of Directors for F1; Bernie stays on 1