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.”
Mar 31, 2015, 11:15 AM EDT
Catching up on the rest of the action from St. Petersburg, with a run through the moments of contact that triggered avoidable contact penalties.
Mar 31, 2015, 10:11 AM EDT
Rolling Stones to play at the Indianapolis Motor Speedway.
Mar 31, 2015, 9:33 AM EDT
Loose debris hit by a car, then goes over wall and hits a fan outside Turn 10 at St. Petersburg.
Mar 30, 2015, 4:00 PM EDT
Hawksworth, Filippi impress on opening outings with their new teams in St. Petersburg.
Mar 30, 2015, 3:15 PM EDT
IndyCar’s “old guard” reigned in St. Petersburg, as the new manufacturer aero kits debuted.
Mar 30, 2015, 2:30 PM EDT
Victory number 70 of the Italian’s remarkable Moto GP career.
Mar 30, 2015, 1:35 PM EDT
However, Williams test driver Susie Wolff believes that women should be reaching F1 in a more organic way.
Mar 30, 2015, 12:00 PM EDT
KVSH’s Bourdais gets result after a consistent drive; KV’s Coletti stars but fades after late race splash-and-dash for fuel.
Mar 30, 2015, 11:00 AM EDT
Pro Mazda, USF2000, Pirelli World Challenge, SST roundup from St. Petersburg.
Mar 30, 2015, 10:00 AM EDT
Chevrolet aero kits dominate on debut at St. Petersburg.
Mar 30, 2015, 9:30 AM EDT
Swedish driver was fighting in the points before spinning off into the gravel on lap three in Malaysia.
Mar 30, 2015, 8:00 AM EDT
Wolff defends the decision to fit Lewis Hamilton with hard tires at his final pit stop.
NHRA: Jack Beckman (54 races), Larry Morgan (120 races) snap lengthy winless streaks in 4-Wide Nationals
Mar 29, 2015, 10:00 PM EDT
Jack Beckman (Funny Car) and Larry Morgan (Pro Stock) broke lengthy winless streaks in Sunday’s finals of the 4-Wide Nationals in Concord, N.C.
Mar 29, 2015, 8:40 PM EDT
The year-on-year evolution of JPM showcases a driver still getting even better.
Mar 29, 2015, 8:15 PM EDT
Will Power’s brother brings the jokes while live tweeting Grand Prix of St. Petersburg.
Mar 29, 2015, 7:53 PM EDT
Close but no cigar, but still a very good day for Will Power in the IndyCar opener at St. Petersburg.
Mar 29, 2015, 7:27 PM EDT
Tony Kanaan earns second podium in a row while thwarting potential sweep by Penske.
Mar 29, 2015, 5:57 PM EDT
Juan Pablo Montoya emerges up front after beating teammate Will Power on pit stops, and then holds off a final challenge.
Mar 29, 2015, 5:14 PM EDT
Will Power led a caution filled Grand Prix of St. Petersburg after 55 laps.
Mar 29, 2015, 2:23 PM EDT
Ed Jones wins again in St. Petersburg, to complete an Indy Lights weekend sweep.
- Spectator injured but in stable condition after being hit by debris at St. Pete race 0
- Experience trumps youth on IndyCar’s opening weekend with aero kits 1
- NHRA: Jack Beckman (54 races), Larry Morgan (120 races) snap lengthy winless streaks in 4-Wide Nationals 1
- Montoya’s evolution evident after statement victory in St. Pete 2
- Montoya ekes out win in St. Petersburg season opener 6
- Emotional Vettel revels in first victory for Ferrari 5
- Vettel claims shock win for Ferrari in Malaysia as Mercedes pays for strategy mistake 9