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Formula One boss strikes Nuerburgring deal: Report

First published: January 31, 2013, 10:35 AM IST | Updated: January 31, 2013
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Formula One boss strikes Nuerburgring deal: Report
German media reports say F1 boss has struck a deal for a grand prix as planned at the financially troubled Nuerburgring this summer.

Berlin: German media reports say Formula One boss Bernie Ecclestone has struck a deal for a grand prix as planned at the financially troubled Nuerburgring this summer.

The Rhein-Zeitung newspaper says Ecclestone and Karl-Josef Schmidt, chief of the state-owned Nuerburgring operating company, agreed on a contract on Wednesday.

Bild says government sources in Mainz confirmed the deal, which ensures the July 7 race can go ahead despite the racetrack's insolvency.

Still to be decided was whether it would be called the German Grand Prix or European Grand Prix. A news conference to confirm the details will reportedly take place on Thursday. The Nuerburgring filed for insolvency last July.

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