News Details

New Nurburgring owner misses second payment

The Nurburgring's sale has hit a fork in the road, not long after, the financially embattled German Grand Prix venue was bought for a reported 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 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 »
9y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Lawyer says Ecclestone paid $100 million for good of F1

Lawyer Sven Thomas with his client Bernie Ecclestone Formula 1 supremo...
9y ago from GrandPrix247.com

Ecclestone goes sailing after $100m settlement

Bernie Ecclestone's yacht Petara Formula 1 supremo Bernie Ecclestone's...
9y ago from GrandPrix247.com

Ecclestone pays up

Bernie Ecclestone's legal troubles are behind him as a German court has...
9y ago from PlanetF1.com

Lopez denies Genii financial troubles

Gerard Lopez Lotus owner Gerard Lopez has lashed back at reports...
9y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Quartararo: Marquez's Honda exit ‘woke a lot of...

Fabio Quartararo believes Marc Marquez's exit from Honda last term 'woke a...
30m ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Pourchaire earns second IndyCar outing with Arrow...

Arrow McLaren announced Tuesday morning that Theo Pourchaire will driver...

Palou plans to study how Dixon made race-winning fuel...

In IndyCar’s Grand Prix of Long Beach held last Sunday, Scott Dixon took...
22h ago from MotorsportWeek.c...

Popular On TotalWRC.com

Mārtiņš Sesks to drive M-Sport Ford Puma Rally1 in...

Latvia’s Mārtiņš Sesks will benefit from the support of WRC Promoter...

Ogier's last-gasp Croatia Rally victory on surprising...

There had been no major incident on WRC Croatia for 17 stages. That...

Popular On GunnersToday.com

Arsenal v Chelsea: Premier League – live

t;li>Premier League updates from the 8pm BST kick-off<a...
50m ago from TheGuardian.com

Arsenal vs Chelsea confirmed team news: Cole Palmer...

Arsenal host Chelsea at the Emirates Stadium on Tuesday night as the...
20m ago from CaughtOffside.com

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.