News Details

Nurburgring sold for up to EUR 70m?

The Nurburgring looks to have been sold for between EUR 60 and 70 million. This week, F1 chief executive Bernie Ecclestone said he had been outbid for the fabled German grand prix venue, having offered "$50 million". Now, the leading business weekly Wirtschaftswoche reports that Miami-based private equity company HIG Capital was the high bidder, having pledged EUR 60-70m for the circuit, amusement park and nearby hotels. The report said the Nurburgring trustee had actually wanted a three-digit million sum. HIG Capital declined to comment. Asked if the Nurburgring will return to the calendar as scheduled next year, Ecclestone told Reuters: "It depends who buys it."
Full Story »
2y ago from GrandPrix.com 0
Share

You May Also Be Interested In...

German Grand Prix 'in trouble'

The future of the Nurburgring is far from certain Sutton Images Enlarge...
2y ago from espnF1.com

Nurburgring poised to be saved by investor consortium

Nurburgring poised to be saved by investor consortium 6 March, 2014 An...
2y ago from GrandPrix247.com

Fresh doubt raised over future of German GP

The German Grand Prix is once again coming under threat after Bernie...
2y ago from RichlandF1.com

German Grand Prix 'in trouble' says Ecclestone

Bernie Ecclestone has revealed that the future of the German Grand Prix...
2y ago from Pitpass.com

Elsewhere On The Network

Popular On MGPToday.com

Marquez says newfound consistency a result of 2015...

MotoGP points leader Marc Marquez, the only one of this year's title...
20h ago from Motorsport.com

MotoGP: Stoner completes first European Ducati test

Casey Stoner has completed his first European MotoGP test in four years...

Randy Mamola: Why are MotoGP riders crashing so much...

After a record-breaking weekend for MotoGP crashes, Motorsport.com...
1d ago from Motorsport.com

MotoGP: Disaster in the wet for Suzuki

This year’s Dutch TT turned into a complete disaster for the factory...
18h ago from MotorcycleNews.c...

Popular On IndyCarToday.com

Penske and Andretti lead tributes to Chip Ganassi

Roger Penske, Mario Andretti and Jeff Gordon are among the list of stars...
2d ago from Motorsport.com

VIDEO: Robin Miller with Josef Newgarden's new IndyCar...

Robin Miller speaks with author Chris Workman and IndyCar driver Josef...
15h ago from Racer.com

Honda unlikely to power the IndyCar champion

The Iowa test times (below), along with data from Detroit, Texas and Road...
9h ago from Motorsport.com

IndyCar linked with Surfers Paradise return

– IndyCar has been linked with a return to Surfers Paradise in...
2d ago from GPUpdate.net

Popular On TotalWRC.com

SS11: Tänak doubles lead in Saturday opener

Estonian opens with crushing stage win
22m ago from WRC.com

Tempestini eases clear in Junior WRC fight

Early leader Crugnola sidelined
13h ago from WRC.com

Tänak treble secures Rally Poland lead

Advertising It is exactly 12 months since the Estonian last led a WRC...
15h ago from WRC.com

Suninen heads WRC 2 in Poland

Advertising Suninen chased his rival through the blisteringly fast sandy...
13h ago from WRC.com

Popular On GunnersToday.com

Revealed: Which Premier League club has the most...

EXPRESS SPORT reveals which Premier League club charges the most for a a...
2h ago from Express.co.uk

Dennis Bergkamp is returning to Arsenal. It's not your...

Morning all. I had a weird old dream last night. Arsenal related of...
42m ago from Highbury-House.c...

Ramsey helps give Wales a semi, but yellow means he'll...

Morning all, a very quick Saturday round-up for you. There's Euro delight...
1h ago from Arseblog.com

4-2-3-1 with £30m+ striker… The system to win...

4-2-3-1 with £30m+ striker… The system to win Arsenal the title...
11h ago from FootballFancast....

Comments

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.