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Ecclestone bids to buy the Nurburgring

ESPN Staff
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Bernie Ecclestone has confirmed he has made an offer to buy the Nurburgring circuit.

The Nurburgring has been in financial difficulties for many years, with the company that currently owns the circuit in administration and the track up for sale. At present the German Grand Prix alternates between Hockenheim and the Nurburgring, but with the latter's future uncertain Ecclestone has put in a bid to purchase it.

"We have made an offer and now we wait to learn whether it will be accepted," Ecclesstone told German press. "We believe that we can do more for the race track than anyone else. An agreement could be reached as soon as the next few weeks."

However, Ecclestone warned he would not enter in to a bidding war against other potential buyers and that he is focused on cementing Germany's place on the calendar.

"[If the offer is rejected] we would talk to Hockenheim. We want to make sure there is a Formula One race in Germany every year in the future. There are one or two other interested parties. But we will only pay what we believe the Nurburgring is worth."

However, Ecclestone made it clear that even if he were to own the Nurburgring he would like the current alternation agreement between the two circuits to remain in place.

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