Despite being swamped by debt, the Nurburgring may host next year's German GP as a result of a government bailout...
Despite being swamped by debt, the Nurburgring may host next year's German GP as a result of a government bailout.
The running of the race rotates between Hockenheim and the Nurburgring with the later set to play host to the 2013 edition.
However, before this can happen a new deal needs to be agreed with Bernie Ecclestone and with the track in dire financial trouble, it appeared this would be unlikely.
There seems to be light on the horizon though, with the Frankfurter Allgemeine reporting that the state government of Rhineland-Palatinate -
which owns around 90% of the circuit's holding company - has agreed to release €254 million worth of funds to the Nurburgring.
"I am very optimistic that the Formula 1 will continue next year at the Nurburgring," Nurburgring chief Jörg Lindner is quoted as saying by the newspaper.
This is good news for the F1 in Germany as a whole, with Hockenheim chiefs having stated in the past that they would not be able to bear the financial burden of hosting the race every year.