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| Subject: Nurburgring sold to American investment company? | |
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Author: MotobkeBob |
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Date Posted: 05:39:04 03/11/14 Tue The financial markets are posturing that an investor group led by HIG Capital is “poised to buy” the financially troubled Nürburgring racetrack in Germany for roughly USD 82 million. In July of 2012, the track—saddled with debt reported to equal about 50 years’ worth of profit—declared bankruptcy, and the place was put up for sale last May. Fears voiced by a number of sources are that the new owners will turn the circuit into a more restricted, exclusive facility than the current “Turn up and ride what you brought” format. The final sale of the assets, which include the entire 12.9-mile Nordschleife track, hotels and a theme park, is expected to be approved by the EU Commission late this month. [ Next Thread | Previous Thread | Next Message | Previous Message ] |
| Subject | Author | Date |
| Nurburgring bought by German motorsports company | MotobkeBob | 05:16:39 03/14/14 Fri |