The future of German Grand Prix after 2014 could axed from F1 calendar, as the economic problems at the legendary Nurburgring circuit go on.
F1 boss Bernie Ecclestone has claimed that the future of the German Grand Prix is in doubt following he failed with a $50m (£30m) bid for the famous Nurburgring.
“The German Grand Prix is in trouble because they haven’t got any money,” Ecclestone is quoted by City A.M..
“It is in trouble because it used to be supported by the council but now the European Commission has said people can’t use that sort of money for this sort of thing.
“On Wednesday they are going to make up their mind whether to accept the offers. None is from me. When I go to an auction I want to leave a bid, which is what I did, and somebody could offer more. I don’t know what’s happening there.”
Ecclestone added: “I offered them $50m. You have got a massive facility, nice hotels, a lot of land, a lot of buildings and the race track. It’s a good investment.”