The Nürburgring will remains as the host venue for the 2013 German Grand Prix, after circuit officials and F1 supremo Bernie Ecclestone were finally able to agree to terms to keep the event at the financially-troubled Eifel circuit.
The future of the event has been under a cloud for some months as continued financial difficulties threatened the event being able to occur on alternating years with the Hockenheim circuit.
According to the Reuters news agency, it seems that financially acceptable terms have finally been agreed to, with Ecclestone confirming that the venue would host its Grand Prix on July 7.
“I treasure the Nürburgring and its history,” Ecclestone is quoted as saying in a statement.
“In view of its long tradition, I was glad to support choosing the Nürburgring as the venue for the Formula 1.”
The announcement ensures that 19 Grands Prix will be on the 2013 calendar, with a possible twentieth event still to be confirmed for July 21. Austria, Portugal and Turkey have all expressed interest in hosting the event.