Germany is only on this year’s formula one calendar because Bernie Ecclestone waived the Nurburgring’s usual race fee.<\/p>\n
That is the claim of Bild newspaper, referring to that circuit’s financial problems that put at risk the race-alternating scheme with Germany’s other F1 host, Hockenheim.<\/p>\n
Bild reports that, to ensure the embattled Nurburgring takes its scheduled turn next weekend, F1 chief executive Ecclestone agreed to waive his organisation’s usual EUR 14 million race fee.<\/p>\n
“Bild has learned that without the gift, there would not have been a Grossen Preis von Deutschland on 7 July,” correspondent Helmut Uhl said.<\/p>\n
“The Rhineland-Palatinate state and the insolvent Nurburgring GmbH could not have afforded the fee.”<\/p>\n
A spokesman for the company responsible for the Nurburgring’s insolvency process confirmed: “We achieved an agreement in a very short time with Mr Ecclestone.<\/p>\n
“The details are not disclosed.”<\/p>\n
The Nurburgring’s insolvency administrator Jens Lieser added: “With his commitment to the Nurburgring, Mr Ecclestone did German formula one fans a big favour.”<\/p>\n
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