Hockenheim not on 2019 calendar

<b> F1 BOSS: </b> Chase Carey was installed as CEO of Formula 1 after Liberty Media bought the series in early 2017. <i> Image: AFP / Andrej Isakovic </i>
<b> F1 BOSS: </b> Chase Carey was installed as CEO of Formula 1 after Liberty Media bought the series in early 2017. <i> Image: AFP / Andrej Isakovic </i>
Andrej Isakovic

There will be no German grand prix at Hockenheim in 2019.

The circuit is hosting a race next month, but organisers have been unable to reach a new deal with Formula 1  owner Liberty Media.

'It is a great pity'

"We are not surprised but of course it's a great pity. We talked with Liberty Media but made it clear time and time again that we are interested in continuing only if the financial risk is minimised.

READ: German GP could move from Hockenheim, Nurburgring - Carey

We have not been able to reach a viable model at least for the upcoming season," Hockenheim boss Georg Seiler told Sport Bild as well as DPA news agency.

Seiler said Hockenheim is now hoping for a comeback in 2020.

"The goal remains a fundamentally changed business model. To what extent our ideas can be aligned with those of F1 in the future, we will see," he said.

As for next month's German grand prix, Seiler said Hockenheim is hoping to attract a crowd of 70 000 on Sunday, which would mean financially breaking even.

It is possible that Liberty Media will now pursue its talks with the Nurburgring.

"Since the beginning of 2017, we have had proactive negotiations with Liberty Media and, in March 2018, we discussed new opportunities for cooperation.

Our proposals are on the table, now it's up to Liberty Media to decide," said chief executive Mirco Markfort.

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
Lockdown For
DAYS
HRS
MINS
Voting Booth
Do you think Lewis Hamilton deserves to be knighted by the Queen?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, he is an incredible athlete
30% - 23 votes
No, he hasn't done anything special
17% - 13 votes
He is good, but doesn't deserve the honour
53% - 41 votes
Vote