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The Nurburgring has a new owner
The German motor sport industry supplier Capricorn Group has bought the Nurburgring in a deal thought to be worth 100 million euros.With Bernie Ecclestone's $50m having been rejected, investment firm H.I.G Capital became favourites to secure the deal, that was until Capricorn Group made its 100 million euro (£83m) bid.'It was a close decision,' said the administrator for Nurburgring, GmbH, Jens Lieser, at a press conference confirming the deal, revealing that as part of the agreement Capricorn Group has pledged to invest 25 million euros in order to expand the facilities around the circuit.For its money, Capricorn, which supplies high-end crankshafts, cylinder liners, pistons,...
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10y ago from Pitpass.com
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