Bernie Ecclestone will decide whether or not to buy the 'Ring before the end of the year.

A new report finds that Formula 1 boss Bernie Ecclestone is considering buying German's famed Nürburgring track. The state-owned facility filed for bankruptcy a few months ago and was listed for sale at €125 million (about $160 million) last March.

"It's possible that I'll buy the Nürburgring," confirmed Ecclestone in an interview with Germany's Die Welt newspaper. "I mean, I'll at least think about it," he clarified.

Ecclestone did not mention how much he is willing to pay for the historic track, saying only that he will decide whether or not to purchase it by the end of the year. Many Formula 1 fans view the purchase in a favorable light as it would secure a future for the German Formula 1 Grand Prix.

Built in the 1920s, the Nürburgring track has grown drastically and now includes several race tracks, an amusement park, a business park, a roller coaster and numerous hotels. The state-appointed liquidator in charge of selling the facility previously explained that several interested parties have manifested an interest in purchasing the place but none have followed through.