Bernie Ecclestone expresses interest in buying the Nurburgring

It’s no secret that F1 supremo Bernie Ecclestone has a pretty deep set of pockets. Sure, having that much money has gotten him in trouble on numerous occasions, but it still doesn’t hurt to have those kind of resources because it might come in handy when you are reportedly interested in purchasing a bankrupt race track.

That’s the word coming out of German newspaper, Rheinpfalz, which reported that Ecclestone is interested in buying the Nurburgring race track. Yeah, when we’re worried about the financial hit that will come from buying shoes, Ecclestone seems to have no worries about buying a race track.

Such is life.

In any case, the F1 chief is actually interested in buying the company that owns the Nurburgring. Financial details and specifications surrounding this apparent interest isn’t being divulged, but Ecclestone has made it pretty clear that he still wants Formula One to have a race in one of the most famous tracks in the world although he did say that it would not happen at his expense. This negates previous rumors that F1 would waive the typical sanctioning fee to bring an F1 race to the Nürburgring, which totaled $25 million when the race was brought to Austin, Texas.

This, of course, isn’t the first time Ecclestone has gotten into the business of track buying, having previously done so a few years ago when he purchased a controlling stake of the Turkish GP race track. Ecclestone also owns the Paul Richard test circuit in France.

Now it looks like he’s got his eyes set on buying arguably the most famous race track in the world. Just another day in the life of the eccentric F1 billionaire.

Source: rheinpfalz

3 comments:

He won’t be able to buy that track, there’re a lot of investments on that area.

A lot of richest persons wanted to buy the Nurburging, and why not since the Nurburging is a good investment.

I don’t know what’s in his mind. Though buying Nurburgring will bring him great profits, it would surely change what people is thinking about the Nurburgring.

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