Reports: F1 boss strikes Nuerburgring deal

(The Philippine Star) - January 31, 2013 - 10:31am

BERLIN (AP) — 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.

BERNIE ECCLESTONE BILD ECCLESTONE AND KARL-JOSEF SCHMIDT EUROPEAN GRAND PRIX FORMULA ONE GERMAN GRAND PRIX GRAND MAINZ NUERBURGRING PRIX RHEIN-ZEITUNG
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