Monday, December 1, 2008

Yet another country to lose F1 status?

Germany could be without a Formula 1 race for the first time in a half-century in 2010.

Hockenheim's ability to stage the 2010 race came under threat when the state of Baden-Wurttemberg, where the track is located, announced on Friday that it would not provide funds for the troubled organisers.

The officials from the Nurburgring said it, too, would be unable to host a 2010 German GP should cash-strapped Hockenheim withdraw
Two tracks have been alternating with the German GP
. "We cannot afford that," general manager Walter Kafitz told DPA.

Hockenheim and the Nurburgring have in recent years alternated with the German GP; the 2008 event was at Hockenheim, 2009 is scheduled for the 'Ring.

"There will be no more F1 at Hockenheim without state funds," Hockenheim boss Josef Schmidt told a German Sunday's paper. The track owed more than €5-million (about R60-million) after the 2008 race; a similar loss was expected in 2010 and Kafitz said the Nurburgring lost about the same in 2007. – Sapa-DPA

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