News Details

Nurburgring poised to be saved by investor consortium

Nurburgring poised to be saved by investor consortium 6 March, 2014 An investor group led by buyout firm HIG Capital is poised to acquire the financially troubled Nurburgring race track in Germany, two sources familiar with the transaction have claimed. 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 Nurburgring's assets with the German competition authority, the Federal Cartel Authority said on its website. According to weekly...
Full Story »
2y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Buyout group HIG set to buy Nuerburgring

An investor group led by buyout firm HIG Capital is poised to acquire...
2y ago from SuperSport.com

Ayrton Senna Tribute 1994-2014 to be celebrated during...

Ayrton Senna Tribute 1994-2014 to be celebrated during four day event at...
3y 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

FOTA officially disbanded

Caterham F1 Team The Formula One Teams' Association (FOTA) has been...
2y ago from F1Zone.net

Elsewhere On The Network

Popular On MGPToday.com

Marquez dislocates shoulder in Jerez MotoGP test crash

The reigning MotoGP World Champion crashed at turn seven but was back out...
1d ago from BikeSportNews.com

Márquez dislocates shoulder in test crash

– MotoGP World Champion Marc Márquez dislocated his shoulder in a...
1d ago from GPUpdate.net

‘With wings, we could win at Qatar’ says Lorenzo

Jorge Lorenzo is confident after a good test at Phillip Island and may yet...
4d ago from BikeSportNews.com

FIA and FIM approve Barcelona changes

– Representatives from the FIA and the FIM have approved changes...
1d ago from GPUpdate.net

Popular On IndyCarToday.com

Montoya has 'fun' in Risi Ferrari at Sebring

While Risi Competizione spent Friday getting ready for the upcoming Mobil...
2d ago from Racer.com

Hunter-Reay wins protracted suit against Gentilozzi

Above: Ryan Hunter-Reay races on the streets of Toronto in 2005. IndyCar...
3d ago from Racer.com

IMSA: Montoya to sample Risi Ferrari on Friday

Team Penske driver Juan Montoya will get a taste of the Risi Competizione...
3d ago from Racer.com

Taylor fast on IndyCar test debut with Penske

American sports car star Ricky Taylor got his long-awaited run in an...
3d ago from Racer.com

Popular On TotalWRC.com

Mexico City: Zocalo beats to WRC rhythm

Mexico City:Zocalo beats to WRC rhythm The FIA World Rally Championship...
2d ago from WRC.com

The best WRC city stages

The best WRC city stages The WRC is more rugged wilderness than urban...
3d ago from WRC.com

Hesto leads eSports WRC

German driver Hesto leads Championship after the opening round
4d ago from WRC.com

Rally Sweden Analysis- Toyota surprise while Neuville...

Rally Sweden was a fairytale event for Jari-Matti Latvala and the brand...

Popular On GunnersToday.com

Michael Owen reveals what Arsenal are the best team in...

GETTY Michael Owen says Arsenal are the most consistent team in the world...
2h ago from DailyStar.co.uk

Italy international open to Arsenal move: He nearly...

GETTY Francesco Acerbi is open to a move to Arsenal from Sassuolo Acerbi...
3h ago from DailyStar.co.uk

Arsenal legend Ian Wright makes another stunning claim...

BT SPORT Ian Wright has hit out at Arsenal boss Arsene Wenger...
3h ago from DailyStar.co.uk

[Picture] Massive blow for Arsenal as star posts...

Arsenal midfielder Mohamed Elneny has revealed a worrying update on his...
7h ago from ArsenalFever.com

Comments

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.