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

  • Daniel Ricciardo's joy in Melbourne was short-lived

    Daniel Ricciardo has already moved on from the bitter disappointment of this week's appeal loss that denied him the best result of his Formula One career.

  • Toto Wolff feels all the ingredients at Mercedes have now come together

    Nico Rosberg has confirmed holding clear-the-air talks with Mercedes team-mate Lewis Hamilton to ensure they know where to draw future battle lines.

  • Romain Grosjean has been paid by Lotus

    Romain Grosjean has confirmed he has finally been paid by Lotus.

  • Fernando Alonso, pictured, was sorry to see close friend Stefano Domenicali quit Ferrari this week

    Fernando Alonso has urged critics to give new Ferrari team principal Marco Mattiacci time to prove himself despite his lack of experience in Formula One.

  • Lewis Hamilton is currently second in the standings

    Lewis Hamilton is hoping his recent victory in Bahrain has delivered a psychological blow to Mercedes team-mate Nico Rosberg as they scrap over this year's Formula One world title.

  • Christian Horner, left, says Adrian Newey, right, is 'passionate' about Formula One

    Christian Horner is adamant the genius behind Red Bull's dominance in recent years has not lost his appetite for success.

  • Luca di Montezemolo is not alone in his condemnation of the new-look Formula 1

    Ferrari president Luca Di Montezemolo has found a new ally in his war on the current state of Formula One.

  • Stefano Domenicali has stepped down from his role as team principal of Ferrari

    Stefano Domenicali said it was time for a "significant change" as he announced his resignation as team principal of Ferrari.

  • Bob Bell will leave Mercedes at the end of the 2014 season

    Technical director Bob Bell is to leave Mercedes at the end of the Formula One season and will not be replaced.

  • Christian Horner, right, believes Daniel Ricciardo's disqualification from the Australian Grand Prix can be overturned

    Red Bull are expected to find out on Tuesday whether they have won their appeal against Daniel Ricciardo's disqualification from the Australian Grand Prix.

  • Red Bull lost their appeal against Daniel Ricciardo's disqualification at the Australia Grand Prix

    Red Bull will move forward following their failed appeal against Daniel Ricciardo's disqualification from last month's season-opening Australian Grand Prix in order to focus on this weekend's race in China.

  • Gene Haas will have a car on the Formula One grid next season

    The United States is to finally have a team on the Formula One grid from 2015 after the FIA accepted the entry of NASCAR guru Gene Haas.

  • Pastor Maldonado, pictured, ran into the side of Esteban Gutierrez on lap 40 in Bahrain

    Pastor Maldonado has cleared the air with Esteban Gutierrez in the wake of their spectacular crash in Bahrain on Sunday.

  • Daniel Ricciardo, pictured, has impressed Red Bull team principal Christian Horner

    Red Bull team principal Christian Horner feels Daniel Ricciardo has already exceeded expectations this season.

  • Paddy Lowe says Formula One is about developing technology

    Mercedes executive technical director Paddy Lowe has described as "absurd" the possibility of changes being made to the latest regulations for the 2015 Formula One season.