Hockenheim Retains F1 Status
02 Oct 2009 | tshego
Hockenheim will continue as one of Germany’s two Formula 1 circuits until at least 2018 after an agreement was reached over the track’s F1 future.
Formula One Administration (FOA) and circuit chiefs have agreed a deal to cover any loss the event makes.
A statement on Hockenheim’s official website read: ‘The FOA and the Hockenheim-Ring GmbH will share in the entrepreneurial opportunities and risks of the event.’
Hockenheim, which alternates with the Nurburgring to host the F1 race, first held the GP in 1970.
Promoters have predicted a £5.5m loss on next year’s Grand Prix.
