Bernie Ecclestone turns down offer from the Nürburgring

According to reports, Bernie Ecclestone has ended negotiations with the Nürburgring, after hopes of the German track hosting a Formula 1 Grand Prix in 2013.

Mr. Ecclestone has been quoted saying that the offer given isn't "financially feasible". However, he is still open to a new offer from the organisers at the circuit.

If the organisers at the Nürburgring cannot strike a deal with Bernie Ecclestone, the German Grand Prix is likely to be held at the Hockenheimring, even though it was held there last season.

The German Grand Prix will be held from the 5th, to the 7th of July.