It last held a grand prix in 2019 and is one of F1’s most iconic tracks.
New investors have taken ownership of the former German Grand Prix venue Hockenheim following approval from the local council. The majority of shares, 74.99%, have been transferred to Emodrom Group Holding by the city of Hockenheim and Badischer Motorsport Club. Hockenheim will retain 25.01% of shares to have a say in future decisions. The iconic Hockenheimring name will remain, with the city holding the naming rights under an eight-year contract, costing €90,000 annually. Plans include expanding the track’s infrastructure, adding a new hotel, and creating an innovation campus with a €250 million investment. This move signifies a strategic realignment for the Hockenheimring, as expressed by the Managing Director of Emodrom Group, Tim Brauer. Previously, Hockenheim alternated hosting the German GP with the Nurburgring, but the latter dropped out after 2013. The last F1 race in Germany was the Eifel Grand Prix at the Nurburgring in the 2020 season amid the COVID-19 pandemic.