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German Grand Prix 'in trouble' says Ecclestone
Bernie Ecclestone has revealed that the future of the German Grand Prix has been put in doubt after a $50m bid he made for the Nurburgring was rejected according to an article in the CityAM newspaper by Christian Sylt.The track alternates every year with the Hockenheimring as the location of the German Grand Prix and ran into difficulty after taking out a $370m loan in 2009. The debt was used to fund construction of an on-site shopping mall, hotel and amusement park.However, the new facilities were not as popular as hoped and the circuit struggled to make debt repayments. It was then handed additional public support but, in an unexpected twist, the European Commission launched an...
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10y ago from Pitpass.com
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