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.”
Aug 1, 2014, 9:40 PM EDT
The next generation of stock car racing’s fabled Alabama Gang has now officially arrived.
Aug 1, 2014, 8:49 PM EDT
Chase Pistone tops Practice 1, while Brendan Gaughan is fastest in Practice 2 for tomorrow night’s Nationwide Series race.
Aug 1, 2014, 8:08 PM EDT
The Sprint Cup championship leader admits that his back may never “be the same” after suffering spasms in May at Charlotte.
Aug 1, 2014, 7:11 PM EDT
Townley has been released from a local hospital after a hard wreck in ARCA qualifying this morning, but he will not race in tomorrow’s Pocono Mountains 150 for the NASCAR Camping World Truck Series.
Aug 1, 2014, 6:45 PM EDT
Will the 11 team adapt to interim crew chief Mike Wheeler? Plus, Kyle Petty shares his Victory Lane predictions for Sunday’s GoBowling.com 400 at Pocono.
Aug 1, 2014, 6:12 PM EDT
One year ago, Kahne effectively put himself into the Chase with a win at Pocono. Another win on Sunday at the Tricky Triangle could do it again.
Aug 1, 2014, 5:12 PM EDT
Is his first career Sprint Cup win not too far off? Larson’s lap of 183.438 mph is enough to earn pole position for Sunday’s GoBowling.com 400.
Aug 1, 2014, 4:45 PM EDT
Coming up today: Kasey Kahne on his hunt for a Chase-clinching win; expectations for Denny Hamlin’s interim crew chief; Dale Jr. and IndyCar’s Graham Rahal visit National Guard soldiers; the many nuances of Pocono Raceway; Ty Dillon looks back on an extraordinary weekend at Indy.
Aug 1, 2014, 3:43 PM EDT
Larson and Peters go 1-2 in the first Truck practice, then flip-flop in the second practice at Pocono.
Aug 1, 2014, 3:30 PM EDT
Former Pocono winner Kyle Petty explains the aspects that set Pocono apart from the rest of NASCAR’s tracks.
Aug 1, 2014, 3:10 PM EDT
Toronto winner leads second practice for the Verizon IndyCar Series on Friday.
Aug 1, 2014, 2:15 PM EDT
Kenseth’s teammate, Denny Hamlin, does not have regular crew chief Darian Grubb behind him this weekend, as Grubb has begun serving his six-race suspension.
Aug 1, 2014, 1:30 PM EDT
In the final part of our 2014 mid-season review, we look at the storylines that have defined the season so far and take a look at what we may be talking about come the end of the year.
Aug 1, 2014, 1:15 PM EDT
Ives has won multiple Sprint Cup titles as an engineer for Jimmie Johnson, but will be making his Cup debut as a crew chief when he joins forces with Dale Earnhardt Jr. next season.
Aug 1, 2014, 1:00 PM EDT
NASCAR drivers are known for trading paint, spinning out rivals and are seemingly always ready for a fight. And those are just some of the same elements that NASCAR drivers share with CEO’s of some of the best middle-market companies, according to a new story.
Aug 1, 2014, 12:45 PM EDT
Busch posts a lap of 180.353 mph around the 2.5-mile Tricky Triangle.
Aug 1, 2014, 12:30 PM EDT
Much like a frequent flier or frequent hotel guest program, JTG Daugherty has created the first ‘rewards program’ for fans to earn awards and prizes using engagement with the team and its sponsors through social media.
Aug 1, 2014, 12:00 PM EDT
In part two of our mid-season report, we look at the drivers: who has excelled and who has floundered in 2014?
Aug 1, 2014, 11:34 AM EDT
Multi-motorsports team owner Chip Ganassi will be honored August 7 in Corning, N.Y., for more than a quarter-century of contributions to the auto racing world.
Aug 1, 2014, 11:15 AM EDT
Austin Dillon isn’t skating through his rookie season in Sprint Cup. Everything he achieves, he earns. But Dillon did try skating of a different kind and took to it like a natural.