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Wan LixinOpinion deputy editor of Shanghai Daily
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Ecclestone rescues Nuerburgring race
June 27, 2013, Thursday
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FORMULA One boss Bernie Ecclestone has waived the 14 million euros (US$18 million) entry fee to allow the insolvent company which owns the Nuerburgring race track to host the German Grand Prix on July 7, a report said yesterday.
Nuerburgring, north of Cologne, has been up for sale since May 15, but with the company owning the track having filed for insolvency, Ecclestone has waived the fee to allow the ninth race of the Formula One season to go ahead. "We have been able to get an agreement with Mr Ecclestone very quickly," insolvency administrator Pietro Nuvoloni told German daily Bild.
Nuerburgring, north of Cologne, has been up for sale since May 15, but with the company owning the track having filed for insolvency, Ecclestone has waived the fee to allow the ninth race of the Formula One season to go ahead. "We have been able to get an agreement with Mr Ecclestone very quickly," insolvency administrator Pietro Nuvoloni told German daily Bild.
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