News Details

Nurburgring poised to be saved by investor consortium

Nurburgring poised to be saved by investor consortium 6 March, 2014 An investor group led by buyout firm HIG Capital is poised to acquire the financially troubled Nurburgring race track in Germany, two sources familiar with the transaction have claimed. The circuit went into administration in 2012 after local politicians loaded it with debt equating to around 50 years worth of profit, and the famed and once-feared track started looking for a new owner in the spring of 2013. The HIG consortium HIG has already registered the acquisition of substantial parts of Nurburgring's assets with the German competition authority, the Federal Cartel Authority said on its website. According to weekly...
Full Story »
1y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Buyout group HIG set to buy Nuerburgring

An investor group led by buyout firm HIG Capital is poised to acquire...
1y ago from SuperSport.com

Ayrton Senna Tribute 1994-2014 to be celebrated during...

Ayrton Senna Tribute 1994-2014 to be celebrated during four day event at...
1y ago from GrandPrix247.com

Fresh doubt raised over future of German GP

The German Grand Prix is once again coming under threat after Bernie...
1y ago from RichlandF1.com

FOTA officially disbanded

Caterham F1 Team The Formula One Teams' Association (FOTA) has been...
1y ago from F1Zone.net

Elsewhere On The Network

Popular On MotoGPToday.com

Rossi denies that he cheated

Movistar Yamaha rider Valentino Rossi has insisted that he did not use...
5h ago from SuperSport.com

Lorenzo Interview: “Valentino deserved to be the...

At the launch of his new Skull Riders brand in Barcelona on Tuesday Jorge...
20h ago from MotoGP.com

Stoner clarifies ‘MotoGP is s**t’ furore

Stoner says his comments were taken out of context
20h ago from BikeSportNews.com

Rossi in the right in Marquez clash – Lorenzo

Jorge Lorenzo has revealed he believes teammate and title rival Valentino...
15h ago from Motorsport.com

Popular On IndyCarToday.com

IndyCar Power fined $25k; Vautier $10K, Rahal $5k...

The Verizon IndyCar Series has informed its teams of the penalties...
10h ago from Racer.com

2016 IndyCar season to be longer, Road America may...

IndyCar is expecting a stronger schedule for next season, which will last...
9h ago from Motorsport.com

Rahal plucks lucky IndyCar raffle ticket to take...

Graham Rahal pulled the lucky ticket in the Verizon IndyCar Series raffle...

IndyCar: 'Insane' race spurs critics, supporters

Several leading IndyCar drivers including Juan Pablo Montoya, Will Power...
3d ago from Racer.com

Popular On TotalWRC.com

Barcelona test opens Spanish round

Montjuic street stage to welcome WRC in Spain
14h ago from WRC.com

Recce notes: 72nd LOTOS Rally Poland

1) It's not another Finland The stages in Poland are often likened to...
14h ago from WRC.com

Al-Attiyah rejects Fiesta car switch

Qatari heads heavyweight WRC 2 entry in Poland
17h ago from WRC.com

Hayden Paddon's 'Rally Poland Warm-Up'

Hayden Paddon likes to do his own talking when fans are concerned. You...

Popular On GunnersToday.com

Arsenal and Man United dealt blow as top target pens...

Arsenal and Manchester United target Ilkay Gundogan has signed a new deal...
41m ago from FootballFancast....

Abou Diaby 'in talks with Dallas'

Abou Diaby has reportedly held talks with MLS side FC Dallas after being...
2h ago from SportsMole.co.uk

Women's World Cup: England knocked out

You can follow the progress of Arsenal Ladies’ stars at the...
4h ago from Arsenal.com

Chelsea Lining Up Swap Deal For Arsenal Target Arda...

It has been reported that Atletico Madrid winger Arda Turan is counting...
1h ago from Nastytackle.com

Comments

comments powered by Disqus

Hottest News

Kimi out, Bottas in at Ferrari?

Valtteri Bottas has been singled out as the ideal... Read More »
31m ago from ThisIsF1.com

Recent News

2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.