Hockenheim 'cannot continue' with German GP under current F1 terms

Hockenheim is keen to continue hosting the German Grand Prix after its current contract runs out this year, but only with a new 'risk-free' Formula 1 deal

Hockenheim 'cannot continue' with German GP under current F1 terms

The track has suggested a form of revenue sharing, either with no sanctioning fee or a much reduced one, as it cannot afford to continue losing money as it has under the present contract.

The revelation follows news that the Miami GP will run under what F1 has called "an atypical business model", with sources saying that Liberty is so keen to make it happen that the race will involve risk sharing and no fee.

ADAM COOPER: The deal that could turn F1 inside out

Other venues are consequently set to reconsider their future deals, with Hockenheim providing the first test case.

Its marketing director Jorn Teske said: "We're aiming to host a GP in the future, and we'd like to have it in the future, but the key point is we cannot prolong under current conditions.

"So we would like to have a contract which will take the risk from us, this is the basic point.

"So we are not speaking about the fee, we are speaking about a new contract where we definitely have no risk anymore.

"We have a circuit which does not receive any financial support from anybody, neither from the state nor from the region nor from economic companies, so we have to make and manage everything for ourselves.

"We had some losses in the past. We had a 10-year contract, and we fulfilled this contract, even though we had some better and some worse years.

"Now's the time that we cannot continue in the same way."

Asked to expand on how a risk-free deal might work, Teske replied: "For the moment we are always talking about fees, and then we were asked how much fee would you pay to host the race?

"This is not our question, because we think we should restructure the business model.

"This could be a track rental [by F1 or a third party promoter], or it could be a sharing of ticket income, and sharing of costs."

Teske said that the ball was now in F1's court.

"We presented our ideas, we presented the figures, very transparent, very clear, in the details, and now they have to think about it," he said.

"I hope that they move a bit. But it's not that easy because it's a financial decision they have to take.

"Do they take the big money? Then we're out.

"Or do they believe in the importance of the traditional racetracks, and an important automotive country in Germany?"

Hockenheim alternated with the Nurburgring as German GP host until 2013, the theory being that neither venue was willing to lose money every year but could cope with taking a hit every second year.

Teske called the race-sharing deal "an ideal solution" but said Hockenheim would be content as sole German GP host "if the thing with the risk is clarified".

shares
comments
Mercedes' FIA query prompts new Formula 1 oil rules intrigue
Previous article

Mercedes' FIA query prompts new Formula 1 oil rules intrigue

Next article

Robert Kubica answers your questions

Robert Kubica answers your questions
Inside the Faenza facility where AlphaTauri’s F1 pragmatic vision is realised Plus

Inside the Faenza facility where AlphaTauri’s F1 pragmatic vision is realised

AlphaTauri’s mission in F1 is to sell clothes and train young drivers rather than win the championship – but you still need a cutting-edge factory to do that. Team boss Franz Tost takes GP Racing’s OLEG KARPOV on a guided tour of a facility that’s continuing to grow

Connecting two of Ferrari's favourite F1 sons Plus

Connecting two of Ferrari's favourite F1 sons

Gilles Villeneuve's exploits behind the wheel of a Ferrari made him a legend to the tifosi, even 40 years after his death. The team's current Formula 1 star Charles Leclerc enjoys a similar status, and recently got behind the wheel of a very special car from the French-Canadian’s career

Formula 1
Jun 24, 2022
How a 30cm metal wire triggered open warfare in the F1 paddock Plus

How a 30cm metal wire triggered open warfare in the F1 paddock

Porpoising has become the key talking point during the 2022 Formula 1 season, as teams battle to come to terms with it. An FIA technical directive ahead of the Canadian Grand Prix and a second stay appearing on the Mercedes cars only served to create a bigger debate and raise tensions further

Formula 1
Jun 23, 2022
Does Verstappen have any weaknesses left? Plus

Does Verstappen have any weaknesses left?

Having extended his Formula 1 points lead with victory in Canada, Max Verstappen has raised his game further following his 2021 title triumph. Even on the days where Red Bull appears to be second best to Ferrari, Verstappen is getting the most out of the car in each race. So, does he have any weaknesses that his title rivals can exploit?

Formula 1
Jun 22, 2022
How F1's future fuels can shape the automotive sector Plus

How F1's future fuels can shape the automotive sector

In 2026, Formula 1 plans to make the switch to a fully sustainable fuel, as the greater automotive world considers its own alternative propulsion methods. Biogasoline and e-fuels both have merit as 'drop-in' fuels but, equally, both have their shortcomings...

Formula 1
Jun 21, 2022
The breakthrough behind Sainz’s best weekend of F1 2022 so far Plus

The breakthrough behind Sainz’s best weekend of F1 2022 so far

OPINION: Carlos Sainz came close to winning in Monaco but needed that race’s specific circumstances for his shot at a maiden Formula 1 victory to appear. Last weekend in Canada, he led the line for Ferrari in Charles Leclerc’s absence from the front. And there’s a key reason why Sainz has turned his 2022 form around

Formula 1
Jun 21, 2022
Canadian Grand Prix Driver Ratings 2022 Plus

Canadian Grand Prix Driver Ratings 2022

Plenty of high scores but just a single perfect 10 from the first Montreal race in three years, as Max Verstappen fended off late pressure from Carlos Sainz. Here’s Autosport’s assessment on the Formula 1 drivers from the Canadian Grand Prix

Formula 1
Jun 20, 2022
Why “faster” Ferrari couldn’t beat Red Bull in Canadian GP Plus

Why “faster” Ferrari couldn’t beat Red Bull in Canadian GP

On paper the Canadian Grand Prix will go down as Max Verstappen’s latest triumph, fending off late pressure from Carlos Sainz to extend his Formula 1 world championship lead. But as safety car periods, virtual and real, shook up the race Ferrari demonstrated it can take the fight to Red Bull after recent failures

Formula 1
Jun 20, 2022