Formula 1 boss Bernie Ecclestone confirmed that the German Grand Prix will take place at Hockenheim and not the Nurburgring due to financial reasons.

Hockenheim alternates with the Nurburgring each year to host the German Grand Prix but due to financial reasons the Nurburgring is unable to host this years race.

The date for the German Grand Prix was confirmed on the FIA calendar but no venue was set. Speaking to Reuters, Ecclestone said that they need to change the dates on the contract for Hockenheim.  “It’s going to be at Hockenheim,” he said. “We just have to amend the years of the contract. It was alternating with Nurburgring so we’ll just take that out.”

The Nurburgring, as a host venue was cast into doubt in 2012 when the venue experienced financial difficulties and almost filed for bankruptcy. It looks as though Ecclestone and the new owners of the Nurburgring could not come to an agreement to host this years German Grand Prix.