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."

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6Comments
03/08/2012 13:03
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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
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German Taxpayers 0, Bernie E. many Millions more, same old story !!!!
08/08/2012 09:03
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Thats the Germans for you.  Take a look Europe .

30/08/2012 17:57
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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
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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
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Oh No, not another boring addition.
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