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.”
Oct 30, 2014, 9:00 AM EDT
The difficulties faced by Formula 1 in the United States seem to be long gone, with a great home in Austin, Texas and a booming fan base. Has the problem child of a market finally been righted?
Oct 29, 2014, 11:37 PM EDT
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Oct 29, 2014, 7:20 PM EDT
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Oct 29, 2014, 6:30 PM EDT
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After 10 delays to resolve the most serious charges against him stemming from a three-state police chase that reached speeds as high as 150-mph, will the 11th time finally be the charm for former NASCAR and World of Outlaws racer Tyler Walker?
Oct 29, 2014, 3:30 PM EDT
A.J. Foyt’s Honda-powered team expands to two cars, with Jack Hawksworth joining Takuma Sato in the lineup.
Oct 29, 2014, 3:24 PM EDT
Even though it will only be his third appearance this season in the Nationwide Series, it’s kind of fitting that Florida native Scott Lagasse Jr. will compete in the third NNS race and season finale at Homestead-Miami Speedway.
Oct 29, 2014, 3:00 PM EDT
CORE autosport looks back on its fourth straight PC team title.
Oct 29, 2014, 2:15 PM EDT
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The perils of street racing and dealing with city governments: Baltimore was a case study in what could go wrong.
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Schmidt Peterson’s first Indy Lights driver is confirmed.
Oct 29, 2014, 11:30 AM EDT
The Fort Lauderdale, Florida native is inducted into the Broward County (Fla.) Hall of Fame as part of a class that includes two Olympic gold medalists and a Pro Football Hall of Famer.
Oct 29, 2014, 10:59 AM EDT
A simple “in Indianapolis” tweet could well mean Sam Bird is looking at an IndyCar opportunity.
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