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 »
5mo 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...
5mo 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...
5mo ago from GrandPrix247.com

Fresh doubt raised over future of German GP

The German Grand Prix is once again coming under threat after Bernie...
5mo ago from RichlandF1.com

FOTA officially disbanded

Caterham F1 Team The Formula One Teams' Association (FOTA) has been...
5mo ago from F1Zone.net

Comments

comments powered by Disqus

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.