Connect with us

2015 F1

Nurburgring says German GP cannot afford Ecclestone fees

Published

on

nurburgring_bernie_buy.bafjcf98ezkk0o0w8kc4ks4sg.a5fuq7lrqzkgc0ccw4ss08gso.th
A deal to keep the German grand prix on this year’s F1 calendar still has not been struck.

The Nurburgring was scheduled to return in 2015, but the financially-troubled circuit is tied down in an ownership crisis.

Bernie Ecclestone has said the sport could simply revert to Hockenheim, but amid the F1 supremo’s high race fee demands, a deal there is also yet to be struck.

Nurburgring official Carsten Schumacher said the circuit remains open to compromise.

“We have said that, for the sake of the fans and the region, we are prepared even to make an economically acceptable loss,” he told the Swiss magazine Motorsport Aktuell.

His comments suggest that, at Ecclestone’s standard contractual rate, the Nurburgring can no longer afford to host formula one races.

“This is also the reason why we have said that we do not want to carry the organiser’s risk,” said Schumacher, who earlier indicated that Ecclestone could step in to be the 2015 promoter and also collect the ticket revenues.

“There is no question that, as a formula one organiser, you deserve to make money, but the problem is the entry fee and we need to talk about that,” he explained.

“I think it makes little sense to organise events in which you only spend money rather than making any. In the long run, no one can afford that, and that includes any other race track in Germany,” said Schumacher. (GMM)

Latest Results




Latest F1 News

2018 F16 hours ago

Ferrari boss Sergio Marchionne critical condition ‘irreversible’

Sergio Marchionne is in a coma in intensive care, according to reports from Italy. Ansa news agency reports that, after...

2018 F16 hours ago

Mercedes boss not accusing Ferrari of ‘illegal’ engine

Toto Wolff has played down reports Ferrari’s 2018 power unit could be ‘illegal’. “We do not ask ourselves that,” said...

2018 F111 hours ago

Race Analysis: 2018 German Grand Prix

  Lewis Hamilton won a chaotic German Grand Prix at the Hockenheimring circuit, starting from 14th on the grid, the...

2018 F122 hours ago

Hamilton escapes race ban penalty for pit entry incident

Lewis Hamilton has escaped a race ban penalty following the investigation by race stewards at Hockenheim summoned him over a...

2018 F123 hours ago

Hamilton’s German GP victory under threat

Lewis Hamilton’s German Grand Prix victory is under investigation following the race stewards at Hockenheim summoned him over a possible...

2018 F123 hours ago

Hamilton wins German GP from 14th as Vettel crashes out

Lewis Hamilton started from 14th on the grid to a 66th F1 career victory, and back into the lead of...

2018 F11 day ago

Race Results – German Grand Prix

2018 F1 world championship results – Round Eleven – Results in 2018 German Formula 1 Grand Prix, Sunday Race results...

2018 F11 day ago

Mercedes’ paranoia: Blame and Acceptance

Mercedes and Lewis Hamilton have had some interesting remarks about Ferrari, after the latter’s spurt in performance at the German...

2018 F11 day ago

F1 shocked as Ferrari president departs

The F1 paddock at Hockenheim is shocked that Ferrari’s president Sergio Marchionne has suddenly departed the team and formula one....

2018 F11 day ago

Starting Grid: German Grand Prix

The local hero, Sebastian Vettel took his 55th F1 career pole position in front of his home crowd at Hockenheimring...




Most Popular

ThisisF1.com is not affiliated with Formula 1, Formula One Management, Formula One Administration, Formula One Licensing BV, Formula One World Championship Ltd or any other organization or entity associated with the official Formula One governing organizations or their shareholders. Copyrighted material used under Fair Use/Fair Comment.

References
We could use the following leading F1 news sources for stories: SkyF1, BBC F1, Autosport, ESPN F1, FIA Media Center, MotorSport, JamesAllen and others leading authors blog.

All Rights Reserved © 2017 Prime Sport Media