Jul.26 (GMM) The operators of the Nurburgring are considering buying the embattled circuit.

The development comes after the German grand prix host last week commenced an insolvency process, which has endangered the future of the venue's biennial formula one race.

One solution could be for the circuit's existing management to propose a buyout, amid reports the Nurburgring's current debts actually outweigh its overall value.

"If it is on the table, we would think about whether and how we would participate in the tender," Nurburgring Automotive GmbH chief Jorg Lindner is quoted by the German news agency SID.

He also revealed: "We have developed a concept for the formula one race at the Nurburgring that does not require a cash grant from the state."

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