Earlier we have told you about selling the legendary Nürburgring track to the new owner due to financial problems experienced by its managing company Nürburgring Automotive. American private equity company H.I.G. Capital was named as the buyer. However, according to updated information, the final owner of the circuit and the near-by territory became the Düsseldorf-based company Capricorn.
The American private equity company H.I.G. Capital, which has been mentioned as the new owner, was just one of the bidders. Even Bernie Ecclestone put his eye on the venue — he was promising the track would host the German Grand Prix and was considered to be the most probable buyer. However, his offer was rejected and when the negotiations with the H.I.G. Capital were almost completed, the Düsseldorf-based company Capricorn made a sudden move.
According to SID agency, the deal cost of €102 million, of which the company will pay 77 million, and the remaining 25 million will be invested in the circuit to turn it into a technological cluster. The new owners have already promised that the track would continue hosting all racing series and is planned to keep its format. Apart from that, the musical festival Rock Am Ring is going to be held on the territory of Nürburgring.
According to www.f1news.ru
