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No more German GP?

German chief wants Ecclestone meeting
Hoping to renegotiate commercial terms with FOM
17/12/08 10:12

Hockenheim set to be priced out for Formula One?
The minister-president of the German state Baden-Wurttemberg is seeking a meeting with F1 Chief Executive Bernie Ecclestone.

Gunther Oettinger said during a press conference in Stuttgart that, given the fact that Hockenheim can no longer afford to stage the Grand Prix, he would like to renegotiate the race's commercial contract.

Local stakeholders met last Thursday to discuss the predicament, but with government financial support ruled out, the last resort could be trying to convince Ecclestone to reduce his annual fees.

Circuit boss Karl-Josef Schmidt said last week that time for a solution is running out.

"The financial package has to be in place by (the end of March) or else there won't be any more Formula One at the Hockenheimring," he reiterated.

Source: GMM
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