Aug.13 (GMM) Hockenheim has avoided recording a financial loss following the running of the recent German grand prix.

65,300 spectators attended the July 25 event, which allied with the new arrangement with Bernie Ecclestone gave the venue a rare surplus of EUR 140,000.

Local mayor Dieter Gummer confirmed the news to the Schwetzinger Zeitung newspaper.

With Hockenheim warning that it could no longer afford to host formula one, F1 chief executive Ecclestone last year agreed a new deal through 2018 in which he absorbs some of the financial risk.

Gummer said that under Hockenheim's old F1 contract, the 2010 event would have resulted in a EUR 7.2 million loss.

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