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Bernie Ecclestone out of Nurburgring bid

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Bernie Ecclestone out of Nurburgring bid

The ever lasting chief of Formula 1, the eternal Bernie Ecclestone, seems to have decided to finally opt out of the bid to acquire the famed German Nurburgring racetrack.

In January, the 83-year old ruler of F1 appeared to be deeply interested in saving the Ring’s legendary heritage, after last year he was on and off about the acquisition of the racetrack.

“We have made an offer and now we wait to learn whether it will be accepted,” he told German newspaper Handelsblatt in January, ” There are one or two other interested parties, but we believe that we can do more for the race track than anyone else, [and] an agreement could be reached as soon as the next few weeks.”

“We want to make sure there is a Formula One race in Germany every year in the future,” he added.

Now, the Rhein-Zeitung newspaper has reported that three parties remain interested ahead of the final submission of bids, due Monday, but this time around Ecclestone was not amongst them.

The ‘interested parties’ have been revealed to be Dusseldorf-based Capricorn and US investment company HIG, as well as another unnamed US-based private equity firm, but the level of their interest in preserving the Nurburgring as a race circuit remains to be seen.

by Aurel Niculescu (my Google+) - Tuesday, February 18th, 2014 - filed under Motorsport, News. Image credit: .
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