News Details

Buyout group HIG set to buy Nuerburgring

An investor group led by buyout firm HIG Capital is poised to acquire the financially troubled Nuerburgring race track in Germany, two sources familiar with the transaction said on Wednesday. The circuit went into administration in 2012 after local politicians loaded it with debt equating to around 50 years worth of profit, and the famed and once-feared track started looking for a new owner in the spring of 2013. The HIG consortium HIG has already registered the acquisition of substantial parts of Nuerburgring's assets with the German competition authority, the Federal Cartel Authority said on its website. According to weekly publication Wirtschaftswoche, HIG is paying no more than 60-70...
Full Story »
2y ago from SuperSport.com 0
Share

You May Also Be Interested In...

F1 strategy group meets as Renault requests...

The Formula One Strategy Group is set to meet for the final time today...
2y ago from RichlandF1.com

F1 Strategy Group rejects extending double points to...

The F1 Strategy Group has rejected Bernie Ecclestone's plan to extend the...
2y ago from RichlandF1.com

Formula 1 set for Azerbaijan in 2016

Formula 1 supremo Bernie Ecclestone says that the sport is set to travel...
2y ago from F1Zone.net

Formula 1 boss says Azerbaijan GP likely to happen

Formula 1 boss says Azerbaijan GP likely to happen 5 March, 2014 FIA GT3...
2y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

MotoGP Aragon: ‘Jorge's wrong' - Crutchlow...

More handbags as Crutchlow wades into Rossi and Lorenzo drama
13h ago from BikeSportNews.com

Lorenzo says Rossi relationship...

Jorge Lorenzo says his relationship with Yamaha MotoGP teammate Valentino...
19h ago from Motorsport.com

Crutchlow warns Honda riders could crash at any time

LCR’s Cal Crutchlow has warned that any Honda MotoGP rider could...
17h ago from Motorsport.com

Second Practice Results (FP2): 2016 Aragon MotoGP

Honda ace, Dani Pedrosa went quickest in the evening session on Day 1 of...
1d ago from MotoGPFanatic.com

Popular On IndyCarToday.com

INDYCAR: Schmidt to get autonomous car license

Sam Schmidt, who has torn up racetracks nationwide in the newest...
10h ago from Racer.com

PRUETT: Pagenaud's American dream

Page 1 of 2 After many years of trying, Simon Pagenaud finally became the...
18h ago from Racer.com

Hunter-Reay re-ups with Andretti

Ryan Hunter-Reay will remain an Andretti Autosport driver through 2020...
19h ago from Crash.net

Andretti Autosport uncertain over Sonoma progress

Team manager Rob Edwards has warned that Andretti Autosport’s upturn in...
1d ago from Motorsport.com

Popular On TotalWRC.com

South Africa to host WRX finale in 2017

The Killarney International Raceway in Cape Town, South Africa will host...
18h ago from Motorsport.com

Preview Clip Tour de Corse 2016

Preview Clip Tour de Corse 2016
13h ago from WRC.com

Bumper entry list confirmed for RallyRACC –...

The entry list for the upcoming RallyRACC – Rally de Espana has...
23h ago from TheCheckeredFlag...

Japan APRC: Gill controls Leg 1 proceedings

Championship leader Gaurav Gill commanded first leg of Rally Hokkaido,...
20h ago from Motorsport.com

Popular On GunnersToday.com

Wenger hails 'different' Walcott

Theo Walcott is a different player for Arsenal this season, according to...
5h ago from FourFourTwo.com

Wenger: Best shag ever*

*He didn't actually say this.   Arsene Wenger says Arsenal produced a...
5h ago from News.ArseBlog.com

Five images that perfectly sum up Arsenal's 3-0...

It must be like deja vu for Chelsea fans. Despite looking relatively...

Wenger ‘Worried' By Coquelin Injury After...

Arsene Wenger has admitted he is worried by Francis Coquelin's knee...
6h ago from AllArsenal.com

Comments

Hottest News

Button: Big ask for Stoffel

Jenson Button has warned his McLaren replacement... Read More »
2h ago from SkySports.com

Vandoorne: ‘2017 was my last chance for F1 drive'

Stoffel Vandoorne believes that 2017 would've... Read More »
47m ago from FormulaSpy.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.