Potential return of Formula One in Germany?

The Hockenheimring, the birthplace of the automobile, may once again play host to the thrilling world of Formula 1 racing. Intensifying talks between the racetrack and Formula 1 have taken place at the beginning of the year, signalling a potential comeback for the sport in Germany.

The Hockenheimring, which still holds a Grade 1 license from the FIA, is now majority-owned by the emodrom group. The new owners, five medium-sized companies from southern Germany, have been doing business at the Hockenheimring for over a decade. One of the CEOs, Patrick Assenheimer, is a racing driver himself, adding a personal touch to the negotiations.

Stefano Domenicali, Formula 1 boss, has stated that money is not the most important factor in negotiations for a potential German Formula 1 race. This sentiment is echoed by Jorn Teske, CEO of the Hockenheimring, who confirmed that with the new structure, there are different possibilities for revisiting the topic.

The investors behind emodrom are keen on hosting a Formula 1 race, recognising the potential global impact and positive effect it could have on their image. The new shareholders aim to invest 250 million euros into the facility over the next ten years, demonstrating their commitment to the project.

However, a Formula 1 race at the Hockenheimring could potentially result in a loss. The trend has been shifting towards city circuits, and the large district town of Hockenheim may struggle to compete with metropolises like Las Vegas and Madrid. Nevertheless, German politics is showing renewed interest in Formula 1, and Teske has noted more positive signals politically, but doesn't expect significant financial support.

Financial balance is not the only consideration for the Hockenheimring; the relationship must also be right. The shareholders of the Hockenheimring have a passion for motorsports and an interest in Formula 1, which could bode well for negotiations.

Domenicali has also revealed interest from Portugal and Turkey for potential race locations, making Germany's bid all the more competitive. As negotiations continue, fans of Formula 1 in Germany eagerly await the possibility of the high-speed action returning to their homeland.