The Nürburgring has been the main venue for the German Grand Prix since World War II but has shared duties with Hockenheim since 2009.
Kurt Beck, the state’s prime minister, has blamed the European Commission for the impending insolvency, claiming that its failure to approve a €13m state-aid package in time for a payment deadline at the end of July has put the future of the ‘Ring in jeopardy.
He said that “insufficient liquidity” meant that insolvency was “highly probable”.
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