Formula 1 News

Bernie Ecclestone wants to buy the Nürburgring

2013 German Grand Prix

The sale of the Nürburgring hasn’t exactly gone to plan. Almost a year after it went on sale it still doesn’t have a buyer. But that could all be about to change after Formula 1 boss Bernie Ecclestone confirmed he has made a bid for the track.

“We made an offer and we now wait for it to be accepted,” Ecclestone revealed to German publications Handeslblatt and Wirtschaftwoche.

“We believe that we can do more than anyone else for the circuit. There could be a decision as early as in the coming weeks.”

It’s understood Ecclestone’s motivation is to help keep Formula 1 in Germany on a long-term basis. Currently, and due to financial pressures, the German Grand Prix alternates between the Nürburgring and Hockenheim from one year to the next.

It’s unclear what Eccelstone’s plan would be for the 20.8km Nordschleife but it would appear that his bid includes an offer for all sale items, including the Nordschleife and the failed NüroDisney complex.

Officials handling the bid remain tight lipped saying only: “We do not comment on any specific bidders. But everybody who has an interesting offer is warmly welcome.

“We’re in the final stages of the process and want to conclude it in Q1, so that the new owner(s) can start the season in April.”

German auto club ADAC reportedly made a low ball bid of €30–40m for the racetracks only, and not the troublesome entertainment facilities, which was rejected. Last November a €275m bid for the full Nürburgring complex was reported, but that bid appears to have stalled.

In December, Save the Ring protesters, led by Sabine Schmitz, rallied to ask for the sale of the Ring to be stopped in a bid to keep the facilities out of private ownership and in public hands.

[Source: Reuters | Pic: Red Bull/Getty Images]