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 F118 hours ago

Vettel misses Schumacher amid 2018 F1 struggle

Sebastian Vettel thinks he would benefit from the advice of his old friend and mentor Michael Schumacher. One analysis of...

2018 F12 days ago

Verstappen says Red Bull never considered deal with Alonso

Max Verstappen says Red Bull never considered signing up Fernando Alonso for 2019. That is despite the fact that, recently,...

2018 F12 days ago

Honda poised to overtake Renault for power

Honda could be poised to overtake Renault and cease having the least powerful engine in F1. Auto Motor und Sport...

2018 F14 days ago

Pascal Wehrlein on pole for 2019 Toro Rosso race seat

Pascal Wehrlein has emerged as a top candidate to return to F1 next year. Just days ago, Mercedes admitted that...

2018 F14 days ago

I’ll be with Force India until the end of 2018 – Ocon

Esteban Ocon says he should keep his Force India cockpit for the rest of the 2018 season. Earlier, there was...

2018 F14 days ago

FIA clears legality of Ferrari’s camera-blocking ‘fan’

F1’s governing body has cleared Ferrari to keep using a controversial airbox fan. In the Singapore pits, the Italian team...

2018 F15 days ago

Ricciardo is worth top dollar – Alain Prost

Paying the big bucks for Daniel Ricciardo is an expense that Renault can fully justify. That is the view of...

2018 F15 days ago

Vettel feeling pressure of 2018 F1 title battle – Red Bull

Sebastian Vettel often struggles with pressure. That is the view of Adrian Newey, Red Bull’s famous technical boss who penned...

2018 F15 days ago

Red Bull excluding Ricciardo from meetings

Daniel Ricciardo is set to be given the cold shoulder by Red Bull. The Australian is moving from the energy...

2018 F15 days ago

Recovering Lauda ‘a lot better’ now – brother

Niki Lauda’s brother says the F1 legend is “a lot better” as he recovers from a lung transplant. The F1...




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