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Volume 10 No. 24
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F1 CEO Bernie Ecclestone Reportedly Waives Nürburgring's Fee To Host German F1 GP

F1 CEO Bernie Ecclstone "has reportedly waived the Nürburgring's fee" of about €14M ($18.2M) to host the German F1 Grand Prix on July 7, according to the SID. Nürburgring administrator spokesperson Pietro Nuvoloni said, "We have reached an agreement with Mr. Ecclestone in a very quick fashion. We have agreed to not reveal any details." He also said that "it is anything but a gift from Ecclestone." Nuvoloni said, "We have agreed to a different financial scheme than in previous years in order to carry out the F1 race." He added he "could not confirm" the reported waive of the hosting fee because "it is false" (SID, 6/26).