Reports: F1 boss strikes Nuerburgring deal

Racing January 30, 2013

Reports: F1 boss strikes Nuerburgring deal

BERLIN (AP) — German media reports say Formula One boss Bernie Ecclestone has struck a deal for a grand prix as planned at the financially troubled Nuerburgring this summer.

The Rhein-Zeitung newspaper says Ecclestone and Karl-Josef Schmidt, chief of the state-owned Nuerburgring operating company, agreed on a contract on Wednesday. Bild says government sources in Mainz confirmed the deal, which ensures the July 7 race can go ahead despite the racetrack's insolvency.

Still to be decided was whether it would be called the German Grand Prix or European Grand Prix. A news conference to confirm the details will reportedly take place on Thursday. The Nuerburgring filed for insolvency last July.

Subjects
- Sports,
- Formula One,
- Automobile racing,
- Labor issues
People
- Bernie Ecclestone
Locations
- Germany,
- Western Europe,
- Europe

Related Headlines

Mercedes has new deal to supply Force India
Mercedes says it will supply Formula One team Force India with complete power units under a new long-term deal that will start in 2014 with new regulations. Mercedes has ...
Ecclestone rules out 20th race for 2013
Formula One boss Bernie Ecclestone on Tuesday ruled out a 20th race on the 2013 calendar, putting an end to speculation that Turkey or another European country is in line to ...
Ferrari signs De La Rosa as development driver
Ferrari has signed Pedro De La Rosa as a development driver for the upcoming Formula One season. Ferrari team principal Stefano Domenicali made the announcement on Wednesday ...
Lotus appoints Chester as technical director
Lotus has appointed Nick Chester as its technical director, replacing James Allison who is leaving the Formula One team. Chester is a familiar face at Lotus, having worked at ...