Nurburgring deal struck for German GP

© AP, 31 January 2013
© AP Photo/DAPD/Harald Tittel

German media reports say Formula 1 boss Bernie Ecclestone has struck a deal for a Grand Prix as planned at the financially troubled Nurburgring this summer.

The Rhein-Zeitung newspaper says Ecclestone and Karl-Josef Schmidt, chief of the state-owned Nurburgring 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 Nurburgring filed for insolvency last July.


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