Updated: 31/08/2012 08:21 | By pa.press.net

Nurburgring likely to stage 2013 GP



Formula One racing at the Nurburgring had been in doubt

Formula One racing at the Nurburgring had been in doubt

The short-term future of the Nurburgring and next year's German Grand Prix appears to be secure.

Just over a fortnight ago it was revealed the circuit faced the threat of insolvency, with track operators Nurburgring GmbH in debt to the tune of £235million following redevelopment in 2009. The state government of Rheinland-Palatinate, who own 90% of the track's holding company, have now stepped in to bail them out.

It has been agreed £200million worth of funds is to be released to guarantee the £259million loan that was initially required for the redevelopment.

It should be enough for the Nurburgring to stage the 2013 German Grand Prix, a race alternated on an annual basis with Hockenheim.

Speaking to Frankfurter Allgemeine Zeitung newspaper, track boss Jorg Linder said: "I am very optimistic that Formula One will be going to the Nurburgring next year."

related stories on msn

6Comments
03/08/2012 13:03
avatar
The Germans will not let this circuit go to the wall as it's clearly an advert for probably the most "iconic" of German marques Mercedes-Benz.
18/08/2012 17:07
avatar
German Taxpayers 0, Bernie E. many Millions more, same old story !!!!
08/08/2012 09:03
avatar

Thats the Germans for you.  Take a look Europe .

30/08/2012 17:57
avatar
235million pounds is some debt!! But a lot of jobs in the German motor industry depend on the Nurburgring circuit hence the government having a 90% stake. It is a fantastic circuit so let's wish them well.
19/08/2012 21:32
avatar
Isn't there already enough money in Motor racing  just like football MUCH WANTS MORE all the time doesn't matter about anyone else as long as they can keep lining their pockets.
12/08/2012 19:37
avatar
Oh No, not another boring addition.
Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?
10 reasons to make MSN UK your homepage (© Microsoft)

latest f1 news

  • Lewis Hamilton, left, pictured with James Corden, has compared his Formula One battle with team-mate Nico Rosberg to a game of poker

    Lewis Hamilton has likened his "intense" Formula One title battle with Mercedes team-mate Nico Rosberg to a game of poker.

  • Teenager Max Verstappen will replace Jean-Eric Vergne, pictured, at Toro Rosso next year

    Teenager Max Verstappen is confident he can handle the pressures of the world of Formula One and insists he is not worried about the sport's dangers.

  • Sixteen-year-old Max Verstappen will race for Toro Rosso next season

    Sixteen-year-old Max Verstappen is set to become the youngest Formula One driver in history after joining Toro Rosso for the 2015 season.

  • Ferrari president Luca Di Montezemolo insists drivers Kimi Raikkonen and Fernando Alonso, pictured, are to remain with the team.

    Ferrari president Luca Di Montezemolo has hit out at suggestions Fernando Alonso and Kimi Raikkonen will leave the team at the end of the season.

  • Lewis Hamilton, left, and Nico Rosberg could be allowed to duel for the Formula One drivers' title

    Mercedes motorsport boss Toto Wolff is confident the simmering rivalry between Lewis Hamilton and Nico Rosberg will not boil over and has revealed the pair may be allowed to duel for the Formula One title.

  • Williams driver Valtteri Bottas has secured three podiums so far this seaon

    Williams' top brass believe the team's upward curve this season will result in a long-overdue victory.

  • Bernie Ecclestone is 'a free man' after paying £60million to end his bribery trial

    Formula One supremo Bernie Ecclestone has declared himself "a bit of an idiot" for paying a £60million settlement to bring an end to his bribery trial.

  • Kimi Raikkonen has confidence Ferrari will turn his form around

    Kimi Raikkonen has firm belief that Ferrari can again turn him into a grand prix winner - just not this year.

  • McLaren are preparing for 2015

    McLaren racing director Eric Boullier has revealed the team are using this season's car as a 200mph mobile "laboratory" ahead of their return to Honda power for next year.

  • Daniel Ricciardo, left, has impressed Lewis Hamilton, right

    Lewis Hamilton has hailed Daniel Ricciardo as one of the best drivers in Formula One at present following his impressive performances this season.

  • Toto Wolff has clarified future team orders for his drivers

    Mercedes motorsport boss Toto Wolff has implemented a new code of conduct with regard to team orders for drivers Lewis Hamilton and Nico Rosberg.

  • Mercedes' dominant form this year has surprised Fernando Alonso

    Fernando Alonso believes Mercedes to be the surprise of the Formula One season - and now the benchmark for Ferrari to aspire to.

  • Kevin Magnussen, right, is grateful for what he has learned so far from Jenson Button, left, at McLaren

    Kevin Magnussen has hailed the impact McLaren team-mate Jenson Button has so far had on his burgeoning Formula One career.

  • Lewis Hamilton will be looking to spray plenty of champagne after Formula One's summer break

    Lewis Hamilton heads into Formula One's summer break with a smile on his face after believing he has proven himself in times of adversity.

  • Felipe Massa is expecting Williams to challenge Mercedes in the second half of the season

    Felipe Massa is convinced Williams can push Mercedes all the way when Formula One returns from its summer break.