The Sachsenring MotoGP event faces an uncertain future after issuing a statement confirming that the ADAC - which owns the rights to the German Motorcycle Grand Prix - has terminated its agreement with the circuit.

The 2018 German round will go ahead as planned at Sachsenring, but the ADAC - which has a contract with Dorna until 2021 - could now find another venue to host the event next season.

Meanwhile, Sachsenring management say they will 'immediately begin discussions with Dorna' to try and retain the event, which is one of the most highly attended of the season.

Sachsenring has held the German GP since 1998, prior to which it took place at the Nurburgring and Hockenheim.

The full (translated) statement can be seen below:

Save of the year Video of Save of the year CrashTV: Video Thumbnail:

'On behalf of SRM Sachsenring-Rennstrecken-Management GmbH it is hereby confirmed that the contract as organiser of the Motorrad Grand Prix Deutschland was cancelled by the ADAC Munich from 2019 at the Sachsenring by letter dated 24.05.2018.

'The SRM wants to make it clear with this press release that we have met all the conditions that have been set for the realisation of a Motorcycle Grand Prix by Dorna Sports, the international rights holder of the Motorcycle World Championship, at all times and will be able to fulfil them in the future.

'What cannot be fulfilled are the additional required conditions of the ADAC Munich, which are part of the contract between SRM and ADAC Munich.

'Both the management of the SRM, as well as their shareholders and the Free State of Saxony want to emphasize that they will continue to work to ensure that the Grand Prix in 2019 and beyond can be performed at the Sachsenring. To this end, we will immediately begin discussions with Dorna Sports.

'The Motorcycle Grand Prix Deutschland 2018 is not affected by the termination and will take place at the Sachsenring from July 13th to 15th.

'We ask for your understanding that for legal reasons we cannot and will not give any information on the contractual contents between SRM and ADAC Munich.'