Hockenheim Aerial

F1 News: Germany circuits hope for rotation scheme from 2026 (Update)

(GMM) Hockenheim has inched closer to reviving the defunct German GP.

Private investors have bought 75 percent of the well-known former Formula 1 circuit from the city of Hockenheim, raising hopes that the new owners could have the money to entice the sport back to Germany.

DPA news agency says the buyers are “five medium-sized companies”, with the deal already approved unanimously by the Hockenheim city council.

Hockenheim-based Emodrom Group admitted the purchase price was around EUR 5.5 million, with the city noting that the new owners also take responsibility for about 20 million euros in debt.

Emodrom said its plan is to invest up to 250 million euros into the Hockenheimring over the next five to ten years, including a hotel and 300 new jobs. Construction of what they’re calling ‘Motorworld’ is already scheduled for late 2025.

“As the management of Hockenheimring GmbH recently emphasized, everyone in charge at the Hockenheimring is striving for the return of Formula 1,” the company said.

April 10, 2024 

(GMM) Germany Formula 1 circuits are hoping the sport will throw them a lifeline in 2026 by rotating races in alternating years.

Currently, with motor racing financing and fan interest having slumped in the country, neither Hockenheim nor the Nurburgring (shown above) are on the bustling annual F1 calendars these days.

However, F1 CEO Stefano Domenicali has been quoted by DPA news agency as hinting that a potential solution could be on the horizon.

Related ArticleF1: Moves are afoot to revive the defunct German GP

“In 2026 you will see something interesting,” he said. “We are discussing with organizers in Europe to do something that will be announced soon.”

Without elaborating much further, Domenicali added: “There will be many grands prix, especially in Europe, where we have different options.”

It is believed one of those options could be a new scheme in which two or even more European events are rotated annually between single annual race slots.

Jorn Teske, the circuit boss at Hockenheim, admits that idea could revive the defunct German GP.

Jorn Teske- Hockenheimring
Jorn Teske- Germany circuit Hockenheimring boss

“We assume that Formula 1 is generally interested in Germany as a market,” he said. “We were, are and remain in contact with Formula 1 and are always exploring joint possibilities.

“We generally think very highly of a rotation model because it has proven itself in the past with our colleagues at the Nurburgring.”

Nurburgring spokesman Alexander Gerhard commented: “The be-all and end-all for us is the economic viability of an event.

“We are pulling together with the Hockenheimring,” he admitted.

Meanwhile, a delegation from South Korea – including the mayor of the city of Incheon – was at the Japanese GP last weekend for talks with Domenicali.

“I would like to thank Mayor Yoo Jeong-bok for personally attending the Japanese GP and actively expressing his intention to attract Formula 1,” said the F1 CEO.

“I will travel to Incheon as soon as possible to hold further discussions.”

Social Media Auto Publish Powered By : XYZScripts.com