Mon, 16 Jul 2012 18:06:41 GMT | By AP

F1 boss Ecclestone could buy Nuerburgring

Berlin: Formula One boss Bernie Ecclestone is reportedly in talks to buy the country's financially troubled Nuerburgring circuit.

F1 boss Ecclestone could buy Nuerburgring

German daily Die Rheinfpalz reports Ecclestone confirmed his interest in rescuing the racing complex "but not at his own risk."

It says Ecclestone did not reveal the conditions or pricing details of his offer.

Nuerburgring, which last week launched insolvency proceedings, shares the German Grand Prix in alternating years with Hockenheim, which held the race last weekend.

The proceedings were launched amid fears of running out of cash, as the European Union is expected to refuse approving planned government aid of 13 million ($16 million) by Tuesday.

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