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Ecclestone withdraws Nuerburgring interest

Formula One supremo Bernie Ecclestone has withdrawn his interest in buying the insolvent Nuerburgring racing circuit that co-hosts the German grand prix.

Ecclestone waived the €14 million entry fee in late June to allow the insolvent Nuerburgring GmbH company that owns the race track to host the German grand prix last weekend.

"I've thought about it, but it's not practical for me. I hope someone buys the Nuerburgring, for we are happy here, especially since we’ve been coming here for so long," Ecclestone told German newspaper Rhein-Zeitung.

The Nuerburgring GmbH company put the track up for sale on May 15. Its hosting of the German grand prix may be under question should no buyer be found.