This weekends German Grand Prix at the Nurburgring could be its last after the government announced it would halt financial support for the event.
The local minister, Eveline Lemke, is quoted by the German media, asking for Bernie Ecclestone to reduce the race fee he demands from circuit organisers for allowing them to host an event, else the 2011 race could very well be the circuit’s last.
The German GP is currently rotated between the Nurburgring and Hockenheim, the formers contract reportedly expires at the end of the current season, whilst Hockenheim has a contract through to 2016.
The event at ‘The Ring’, as it’s popularly known, has generated severe losses for the past few years, but the government subsidy has offset the loss, which circuit organiser Jorg Lindner says would be unacceptable if the funding was no longer available.
“The conditions at the moment generate high, and no longer acceptable losses,” he told the DPA news agency.
“So there will only be a continuation of the great and legendary tradition of Formula One at the Nurburgring if a future contract includes economically and politically acceptable conditions,” he concluded.
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