By Editor on Wednesday, November 14, 2012
The circuit has been plagued by financial problems in recent years as the opening of a new hotel and shopping centre – as well as the continued delayed opening of a rollercoaster – has left the track in several hundred thousand Euros worth of debt.
Local media reports that negotiations with Bernie Ecclestone have come to a halt, with the famous 24 hour race and the Rock am Ring music festival also under threat for 2013.
Financial problems several years ago led to a race sharing deal between Nurburgring and Hockenheim, beginning in 2007.
However, both circuits have struggled financially, particularly in the wake of Michael Schumacher’s ‘retirement’ between 2007 and 2009.
The German government has already bailed the circuit out to the tune of €524m, although the EU is now investigating whether they broke competition rules by handing out the money. Its findings will be presented next year.
Pietro Nuvolini, the spokesman for the financial recovery experts in charge of the Nurburgring situation, insisted: “If the tenants want to return to the negotiating table, our door is not closed”.
It remains to be seen whether F1 will return to the Nurburgring next year, but with Hockenheim also not in a healthy financial situation, it puts the very existence of the German Grand Prix at risk.