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New Nurburgring owner misses payment due date

The Nurburgring's sale has hit a fork in the road. In March, the financially embattled German grand prix host was bought for a reported EUR 77 million by a Dusseldorf based automotive group called Capricorn. Capricorn has since been successfully negotiating with Bernie Ecclestone about a new long-term race contract. But Rhein Zeitung newspaper has now claimed that Capricorn has not paid the second due instalment to the Rhineland-Palatinate state. Citing sources, the report said the amount of 5 million euros became due on July 31. To date, Capricorn has only paid one instalment in the same amount. "It is assumed that Capricorn's financing from banks has come to a standstill because the...
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11mo ago from GrandPrix.com 0
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