The German Grand Prix at Hockenheim will likely remain on the F1 calendar next year following conclusive talks between the event's promoter and Liberty Media.
Earlier this year, it was feared that Germany - a country with a long history of F1 - would disappear once again from the schedule as both Hockenheim and the Nürburgring struggled with financial constraints.
However, the resounding success of this summer's race justified a joint effort from both F1 and Hockenheim to ensure the event's presence on the calendar for 2019.
According to Motorsport.com, the new deal - that has yet to be signed but which was agreed upon in principal at Spa last weekend - is for a single year.
It has also been suggested that the new contract includes a reduced franchise fee on the part of Formula One Management. However, to make ends meet financially, Hockenheim will still require outside funding from sponsors and commercial partners.
It is believed that Mercedes was also instrumental in securing the deal, having enjoyed a seat at the negotiation table according to team boss Toto Wolff.
"We have tried to facilitate a comeback, we’re involved in the discussions with the various parties, but I haven’t got visibility as of today whether the German GP will happen, or whether we’ll be involved," Wolff said last weekend in Spa.
"That’s something that needs to be decided soon. I’m speaking about the next couple of days."
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