Following the collapse of track operator Nürburgring GmbH back in May, rumours surfaced that billionaire Ecclestone was in the running to buy the track. He even went so far as to tell a German newspaper that buying the rights to the track would "mean the German Grand Prix is secure in the future".
However, the 82-year-old has since denied that he has put in a bid for the track before the deadline of 12 June. He told another German newspaper that it would be impractical for him to take on the rights to the ’Ring.
Ecclestone isn't the only private party alleged to be interested in acquiring the famous track. Red Bull boss Dietrich Mateschitz is reported to have submitted a joint bid with German association ADAC.
Earlier this year it was revealed that bids to buy the circuit would have to be in the region of £112 million.