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

Dovizioso injured at Misano test

Ducati Team rider Andrea Dovizioso will be hoping to be fit for MotoGP's...
9h ago from SuperSport.com

MotoGP: Smith calls for open class reform

Bradley Smith has called for a reform of MotoGP’s open class system,...
14h ago from MotorcycleNews.c...

Honda says optimising electronic set-up its main...

Both Marc Marquez and HRC vice-president Shuhei Nakamoto believe that the...
12h ago from Motorsport.com

Moto2: Rookie to MotoGP progression plan for KTM

As well as MotoGP, KTM will make their debut on the Moto2 grid in 2017...
14h ago from MotorcycleNews.c...

Popular On IndyCarToday.com

Miami to Host Next Race of Champions early in 2017

The Annual Race of Champions will return early next year in Miami. It...

INDUSTRY: IMS hires new marketing vp

The Indianapolis Motor Speedway announced today that Matt Mindrum will...
5h ago from Racer.com

Robin Miller's Mailbag for August 24, presented by...

Page 1 of 3 Q: As a diehard Ryan Hunter-Reay fan, I must admit a sense of...
16h ago from Racer.com

INDYCAR: Three cars in scary pit lane crash

Alexander Rossi, Charlie Kimball, and Helio Castroneves walked away from...
2d ago from Racer.com

Popular On TotalWRC.com

Teams want China as a candidate rally in 2017

Multi-million pound losses caused by the cancellation of Rally China have...
10h ago from EuroSport.com

Lappi breaks silence over Toyota rumours

Talks have taken place at Toyota's rally base
16h ago from WRC.com

Germany driver report: part 1

Advertising Jari-Matti Latvala (VW Polo R) Result: 48thLatvala's rally...
13h ago from WRC.com

Takale/Sherif gets top 10 finish in Asian...

Sanjay Takale and co-driver Musa Sherif endured a difficult outing in...
1d ago from Motorsport.com

Popular On GunnersToday.com

Gerard Pique mocks Arsenal over summer transfer...

GETTY Gerard Pique (left) couldn't resist having a dig at Arsenal Granit...
2h ago from Express.co.uk

EFL Cup: Arsenal draw Nottingham Forest

 We have been drawn away to Nottingham Forest in the third round of...
3h ago from Arsenal.com

Chris Coleman questions Arsene Wenger's treatment of...

GETTY OUT: Ramsey injured his hamstring again The Wales boss will have to...
3h ago from DailyStar.co.uk

Arsenal rival Everton for Deportivo La Coruna striker...

Arsenal rival Everton for Deportivo La Coruna striker Lucas Perez with...
4h ago from DailyMail.co.uk

Comments

Hottest News

New Ferrari engine ‘on par' with Mercedes

Scuderia Ferrari have made their final alteration... Read More »
10h ago from F1Hub.net

Hamilton faces penalties, Rosberg to test ‘halo’

Mercedes has revealed world championship leader... Read More »
8h ago from ThisIsF1.com

Ferrari taking new engine specification to Spa

Ferrari has a new engine specification in its... Read More »
16h 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.