From GMM
The future of the German grand prix at Hockenheim does not look bright, the town's major Dieter Gummer has admitted.
He told the Mannheimer Morgen newspaper that, after recording a loss of more than 5 million euros when the event was run earlier this year, the circuit may not be able to continue alternating the hosting rights with fellow German venue Nurburgring beyond 2010.
"Keeping formula one past 2010 is economically no longer justifiable in the present circumstances," Gummer said.
The town of Hockenheim owns 94 per cent of the Hockenheimring.
The future of the German grand prix at Hockenheim does not look bright, the town's major Dieter Gummer has admitted.
He told the Mannheimer Morgen newspaper that, after recording a loss of more than 5 million euros when the event was run earlier this year, the circuit may not be able to continue alternating the hosting rights with fellow German venue Nurburgring beyond 2010.
"Keeping formula one past 2010 is economically no longer justifiable in the present circumstances," Gummer said.
The town of Hockenheim owns 94 per cent of the Hockenheimring.