Jun 17, 2014, 7:28 PM EDT
The German Grand Prix has alternated between the Nurburgring and Hockenheim on a yearly basis since 2008. But that may soon be changing.
A German newspaper, the Rhein Zeitung, is reporting that the Nurburgring – which was sold earlier this year to automotive group Capricorn – has secured a five-year agreement with Formula One supremo Bernie Ecclestone to stage the German Grand Prix annually, starting in 2015.
Hockenheim will stage this year’s German round and is currently slated to do the same in 2016 and 2018.
Regarding the reported agreement, Hockenheim chief executive Georg Seiler was quoted by Australian news agency AAP saying: “The fact is that I was surprised by the news.”
He also said in the AAP report that he had “always known and respected Mr. Ecclestone as a fair and good partner.”
Back in 2006, it was announced that this particular race would flip between Nurburgring and Hockenheim in the face of both tracks facing financial struggles.
However, a dispute between the tracks over naming rights caused the 2007 race to run at Nurburgring under the European Grand Prix moniker. The German GP proper returned in 2008 at Hockenheim.
It is also being reported that as part of Capricorn’s deal to purchase Nurburgring, 25 million Euros will be earmarked for expansion of the track. Leading up to the Capricorn deal, Ecclestone said that he had put in a bid for Nurburgring, which proved unsuccessful.
The track went into bankruptcy in 2012 after previous owners amassed major debts following construction of an entertainment complex that included a shopping mall and amusement park.
Mar 31, 2015, 12:47 PM EDT
IMS statement comes out after Indiana’s recent religious freedom legislation.
Mar 31, 2015, 11:15 AM EDT
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Mar 30, 2015, 10:00 AM EDT
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Mar 30, 2015, 9:30 AM EDT
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Mar 30, 2015, 8:00 AM EDT
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NHRA: Jack Beckman (54 races), Larry Morgan (120 races) snap lengthy winless streaks in 4-Wide Nationals
Mar 29, 2015, 10:00 PM EDT
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Mar 29, 2015, 8:40 PM EDT
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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
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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.
- Spectator injured but in stable condition after being hit by debris at St. Pete race 1
- 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