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 closes in on 200th GP podium

Rossi’s win in Argentina was the 199th time that he has stood on the...
1h ago from MotoGP.com

More details emerge of Marquez injury

Further details have emerged regarding Saturday's finger injury for...
23h ago from Crash.net

Rossi & Marquez set to resume duel in Jerez

Valentino Rossi and Marc Marquez look set to resume their duel for the...
22h ago from MotoGP.com

Popular On IndyCarToday.com

Montoya and Kimball disagree, both critical of race...

After a frantic IndyCar race at Barber, multiple drivers were left with...
1d ago from Motorsport.com

Tander to make Formula Ford comeback

Leanne Tander is set to make a full comeback to the Australian Formula...
4h ago from Motorsport.com

Five worthless opinions: Honda Grand Prix of Alabama...

Mark Wilkinson looks at this past weekend's IndyCar race and how it sets...
16h ago from Motorsport.com

MILLER: One we've all been waiting for

It was a well-deserved and rewarding day for Josef Newgarden, Sarah...
6h ago from Racer.com

Popular On TotalWRC.com

David Higgins brings home rally win for Subaru

Higgins and co-driver Craig Drew three for three. Subaru Rally Team USA...
5h ago from Motorsport.com

Encouraging start to World RX for Marklund Motorsport

Team Marklund Motorsport had an encouraging start to the FIA World...
15h ago from Motorsport.com

Pirelli Enjoy Positive Rally Argentina

Tyre manufacturer Pirelli enjoyed a positive outing on the XION Rally...
13h ago from TheCheckeredFlag...

Quinn on top in Targa Tasmania

Tony Quinn and Naomi Tillett hold a narrow lead after the first day of...
11h ago from Motorsport.com

Popular On GunnersToday.com

Harry Redknapp: 'Arsenal need two or three players to...

Harry Redknapp believes that Arsenal are two or three players away from...
1h ago from SportsMole.co.uk

Reports - Arsenal target contacted by Inter Milan...

Arsenal target Paulo Dybala has been contacted by Inter Milan boss...
1h ago from TalkSport.com

Ranking five Arsenal goalkeeping options this summer,...

We have been linked with a move for Chelsea shot-stopper Petr Cech...
2h ago from AllArsenal.com

Arsenal's rising star included in pundit's team of the...

Arsenal full-back Hector Bellerin was included in Garth Crooks's team of...
1h ago from AllArsenal.com

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.