Bernie Ecclestone could soon own the Nurburgring race circuit after making an offer.
The Nurburgring's place on the F1 calendar has been in doubt for several years due to financial issues.
Last year the circuit owners were denied a €13 million subsidy from the European Commission while Nurburgring GMbH is reportedly in serious debt.
The venue's issues resulted in a race sharing deal with Hockenheim whereby the two tracks alternate hosting the German GP.
That, though, could change if Ecclestone purchases the Nurburbring circuit.
"We have made an offer and now we wait to learn whether it will be accepted," the F1 supremo told the Handelsblatt and Wirtschaftswoche publications.
"We believe that we can do more for the race track than anyone else.
"An agreement could be reached as soon as the next few weeks."
He added: "We want to make sure there is a Formula One race in Germany every year in the future.
"There are one or two other interested parties. But we will only pay what we believe the Nurburgring is worth."