Hockenheim has stepped up to solely host the German Grand Prix should Nurburgring not be in a position to hold a Formula 1 race.
The German GP is alternates every year at the two circuits but Nurburgring revealed that it was facing insolvency placing doubt whether it would feature on the calendar next season.
But Hockenheim is willing to take its place to run the event in 2013 as well.
“We’re ready to adapt to any demands,” Hockenheim circuit owner Georg Seiler told SID. “But I think that can things can still be worked out at the Nurburgring and that we can continue with the alternating arrangement.”
However, the state government in Rhineland-Palatinate, which owns the financially troubled Nuerburgring GmbH, had stated earlier that it has struck a deal with F1 boss Bernie Ecclestone to secure a future.
The arrangement reportedly entails the 81-year-old promoting the German GP at the Nurburgring, picking up the costs and the revenue as well.
“It’s definitely a solution,” Seiler said. “It could save the state of Rhineland-Palatinate from future shortfalls.”
Drivers too are hoping that the economic problems are sorted soon pointing out that there was a lot of history relating to the track and would be embarrassing to lose it.
“Obviously we hope that the Nurburgring recovers quickly, it's one of the most traditional races we have on the calendar so it would be a big loss, similar, for the Italians, to if we lost Monza for instance,” Defending world champion and Red Bull driver Sebastian Vettel said.
The possible insolvency will not only affect the current F1 circuit but also the iconic 14-mile Ring, on which the series raced until 1976.
“I think the Nordschleife is a track which has to stay in the same configuration and stay open forever,” Mark Webber said. “It's such an amazing... one of the most famous bits of tarmac around the world.
“It's just a beautiful, beautiful circuit, the long track. Obviously the short track is also pretty good but let's hope it continues on the calendar,” he added.
Even team bosses hoped that the financial problems of the circuit could be solved.
"Everybody in the world who’s involved in motor racing knows the Nurburgring," said Toro Rosso team principal Franz Tost. "I just hope that all the politicians find a solution to get the money together that the Nurburgring will survive.
“Because a fantastic infrastructure has been built up around the Nurburgring with all the hotels and, apart from this, there are many workshops where parts for racing cars have been produced,” he said. “It would be a shame if people would lose their jobs from this. There are many, many races over there: the 24 Hours for example, and a lot of other races, and especially Formula 1."