Jul.19 (GMM) The Nurburgring aims to stay on the formula one calendar beyond 2011 by renegotiating the financial terms of its contract.

With the Rhineland-Palatinate state now run by a SPD/Green coalition, minister Eveline Lemke on Monday said that despite the contract running through 2016, this weekend's race will be the last one supported financially by the government.

"The conditions at the moment generate high and no longer acceptable losses," DPA news agency quotes circuit operator Jorg Lindner as saying.

"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 added.

And minister Lemke is quoted by the Financial Times Deutschland: "Whether this weekend's race will be the last depends on the demands of Bernie Ecclestone."

Latest F1 News - Mobile version

26 Feb: New Ferrari not quickest in field - Domenicali 26 Feb: Red Bull still best in 2013 - Tost 26 Feb: 2014 French grand prix 'possible' - Prost 26 Feb: Danica Patrick 'not interested' in F1 switch 26 Feb: Report - Gilles Simon working on F1 engine for Honda 26 Feb: Gutierrez plays down link to Carlos Slim 26 Feb: Caterham exhaust 'legal' insists van der Garde 26 Feb: McLaren replaces Mercedes-bound Lowe 25 Feb: 'Engine maps' trouble for Red Bull, Lotus - report 25 Feb: Mercedes-bound Lowe to miss 2013 opener - report 25 Feb: Mercedes 'in group of teams' behind Red Bull - Lauda 25 Feb: Gutierrez expects Hulkenberg to beat him early in 2013 25 Feb: New Ferrari 'much better' than 2012 - Massa 25 Feb: Teams 'will adapt' to new tyre situation - Gutierrez 25 Feb: Tight rules make today's F1 cars 'the same' - Forghieri 25 Feb: Williams removes controversial exhaust trick 25 Feb: Contract 'conflicts' cause of Marussia test snub - Razia 25 Feb: Lotus to fight Red Bull for title - Gutierrez 25 Feb: Marussia 'ahead of Caterham' - Chilton 25 Feb: Sutil will not stay in F1 as test driver The latest F1 News - Mobile Version