News Details

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...
Full Story »
2y ago from GrandPrix.com 0
Share

You May Also Be Interested In...

New Nurburgring owner misses second payment

The Nurburgring's sale has hit a fork in the road, not long after, the...
2y ago from GrandPrix247.com

Ecclestone make $100m payment, confirms court

A German court says Bernie Ecclestone has made the $100 million payment...
2y ago from F1Pulse.com

Ecclestone pays up

Bernie Ecclestone's legal troubles are behind him as a German court has...
2y ago from PlanetF1.com

Ecclestone settled case for good of F1 – lawyer

Ecclestone settled case for good of F1 – lawyerPosted On 21 Aug...
2y ago from ThisIsF1.com

Elsewhere On The Network

Popular On MGPToday.com

MotoGP: Smith happy with KTM testing pace

KTM’s 2017 rider Bradley Smith says that he’s delighted with the...

Smith undergoes surgery after Oschersleben Endurance...

MotoGP star Bradley Smith looks likely to miss next weekend’s...
1d ago from BikeSportNews.com

MotoGP: Smith awaiting scan results on knee injury

Monster Yamaha Tech 3 rider Bradley Smith is awaiting the results of an...

Rossi enjoys new chassis

Following testing in Brno, Valentino Rossi is excited about the new Yamaha...
4d ago from SuperSport.com

Popular On IndyCarToday.com

Rahal beats Hinchcliffe by 0.008 seconds to take Texas...

Graham Rahal crossed the line just 0.008 seconds ahead of James...

INDYCAR: Rahal pulls out last-lap win at Texas

Graham Rahal made a move on the third turn of the final lap to edge James...
7h ago from Racer.com

Gateway returns after long absence to IndyCar

The Verizon IndyCar Series has confirmed the revival of Gateway in St...
6h ago from SpeedCafe.com

INDYCAR: Dixon tops short Texas practice

Chip Ganassi Racing teammate Scott Dixon and Tony Kanaan were the fastest...
12h ago from Racer.com

Popular On TotalWRC.com

Red Bull Global Rallycross season resumes in Atlantic...

Two new entries join the Supercar grid to produce a season-high of 13...
17h ago from Motorsport.com

Mikkelsen: It still felt like a victory

Fourth in Germany but Mikkelsen remains positive
1d ago from WRC.com

Lappi breaks silence over Toyota rumours

Talks have taken place at Toyota's rally base
4d ago from WRC.com

Germany driver report: part 2

Advertising Thierry Neuville (Hyundai i20) Result: 3rdA podium finish...
2d ago from WRC.com

Popular On GunnersToday.com

Pictures: Each and every confirmed Premier League done...

EXPRESS SPORT brings you right up to date with every single new arrival in...
2h ago from Express.co.uk

Wenger refuses to rule out one more signing. Ozil...

Morning all. Three points is three points and boy did we need them. The...

Koscielny: New faces will help with fixture pile-up

Laurent Koscielny says the arrival of Shkodran Mustafi and Lucas Perez...
1h ago from News.ArseBlog.com

Arsenal Player Ratings: Cazorla and Xhaka shine as...

EXPRESS SPORT brings you Arsenal's player ratings from their 3-1 win over...
1h ago from Express.co.uk

Comments

Hottest News

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.