Nurburgring bought by race car supplier Capricorn 11 March, 2014 Germany's Nurburgring has been sold to motor sport industry supplier Capricorn Group for more than 100 million euros ($139m), ending a months-long search to find new owners for the world's longest racetrack, which became insolvent in 2012. Capricorn's offer beat out a rival bid from buyout firm H.I.G Capital, the administrator for Nurburgring, GmbH, said at a press conference on Tuesday. 'It was a close decision,' administrator Jens Lieser said, adding that the deal included a pledge to invest around 25 million euros to expand the facilities around the Nurburgring. The assets acquired by Capricorn include an amusement park...
Full Story »