F1-Fansite.com

F1 News

Hockenheim furious as Ecclestone eyes F1 axe

Bernie Ecclestone and Fernando Alonso
Bernie Ecclestone and Fernando Alonso
Rubens Barrichello & Bernie Ecclestone

Rubens Barrichello & Bernie Ecclestone

Bernie Ecclestone could terminate Hockenheim's contract, as he looks to secure the long-term future of formula one in Germany.

Currently, Hockenheim - to host the German grand prix next month - annually alternates the race with the country's other F1 venue, the fabled Nurburgring.

But it emerged this week that, following the formerly insolvent Nurburgring's sale to a Dusseldorf group called Capricorn, the new owners are close to agreeing a contract to stage the German grand prix every year between 2015 and 2019.

A press release to that effect was issued by Capricorn on Tuesday.

"It is outrageous that this press release was issued," Hockenheim boss Georg Seiler told the German news agency SID.

"In formula one there is an unwritten law that says 'No press releases while you are negotiating'. This is scandalous."

After hosting July's 2014 race, the remainder of Hockenheim's current contract is for grands prix in 2016 and 2018.

Referring to F1 chief executive Bernie Ecclestone, Seiler said: "He cannot and will not terminate."

And DPA news agency also quoted him as saying: "I know Mr Ecclestone as a fair and good partner. The fact is that I was surprised by this news."

Ecclestone, however, told Germany's Auto Motor und Sport that the new annual Nurburgring deal would result in Hockenheim's contract being terminated.

"I met with the people from Capricorn," he confirmed. "The problem is that they need to find revenues on the level of other European races.

"Since the Nurburgring is close to Spa, I offered them the same deal that Belgium has," added Ecclestone, referring to an arrangement where Spa gives up ticket revenues in exchange for a low race fee.

"I have nothing against Hockenheim," he explained, "but it seems that they are not able to meet our requirements.

"To help them, we had to enter into an agreement with special conditions. But it can't stay like that forever," said Ecclestone.

"If we sign a long-term agreement with the Nurburgring, it's best to end the existing contract and begin the new one as early as 2015."

Book discounted tickets and reservate your hotel room in our F1 Tickets Shop.

Please share this article & subscribe to our FREE weekly F1 Newsletter!

PinIt
 submit to reddit  

Latest posts in this F1 category:

See older posts in our F1 Archive »

Stay Updated by F1-Fansite!

2017 F1 Merchandise

2017 F1 MerchandiseGet your 2017 F1 Merchandise here.

Early Booking Discounts on F1 Tickets

Book F1 Tickets cheaper at F1-Fansite.com 2017 Formula 1 Season Early Booking Discounts are:
F1 RaceDiscount
USA '17AvailableBook Now
Mexico '17AvailableBook Now
Brazil '17AvailableBook Now
Abu Dhabi '17AvailableBook Now
Australia '18AvailableBook Now
Spain '1820% DiscountBook Now
Monaco '18AvailableBook Now
Canada '18AvailableBook Now
Austria '1820% DiscountBook Now
UK '18AvailableBook Now
Germany '1829% DiscountBook Now
Hungary '1820% DiscountBook Now
Belgium '1815% DiscountBook Now
Singapore '1820% DiscountBook Now