F1 Supremo Bernie Ecclestone May Buy Nürburgring  track image

F1 Supremo Bernie Ecclestone is interested in buying the Nürburgring auto track in Germany, a local newspaper is reporting, citing an interview with the F1 boss.

However, the report says the 83-year-old billionaire was not prepared to stage Formula 1 races there at his own risk.

He is also quoted as saying he had not made any offer to do without the track fees if the Grand Prix were staged there next year.

The Nürburgring is facing bankruptcy because its private operating company, Nürburgring GmbH, is no longer able to pay the interest on a €330 million loan it was provided by the ISB investment and structural bank, which belongs to the state.
The company also hasn’t been able to cover its lease payments.

The track host the 24 Hours of Nürburgring endurance race, as well as numerous shorter races. The track is also open to the public: for about $35, drivers and riders can take their car or motorcycle for a lap. For those with less talent, Jaguar and BMW give rides in specially equipped “‘Ring Taxi” M5s and XJs.

The track will survive in one form or the other, but by declaring bankruptcy, the state stands to lose millions of euros in taxpayers’ money while local business will feel the blunt force of the crisis as well.