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Old 17th May 2013, 22:00   #31
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Default re: The Nurburgring is for sale! Edit: Sold to Capricorn Group

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Originally Posted by muditgrover View Post
a very sad day
Yes, the assets of Nürburgring GmbH have officially gone up for sale and the company is currently accepting offers.

Source: http://www.worldcarfans.com/11305165...dding-underway
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Old 6th July 2013, 17:20   #32
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Default re: The Nurburgring is for sale! Edit: Sold to Capricorn Group

Bernie Ecclestone has revealed he is thinking about securing the future of the Nurburgring's Formula 1 race, by purchasing the embattled circuit.

The final decision will be made "in a few months" he stated

Source:http://www.gptoday.com/full_story/vi..._to_save_race/
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Old 12th July 2013, 14:49   #33
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Default re: The Nurburgring is for sale! Edit: Sold to Capricorn Group

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Originally Posted by karan561 View Post
Bernie Ecclestone has revealed he is thinking about securing the future of the Nurburgring's Formula 1 race, by purchasing the embattled circuit.

The final decision will be made "in a few months" he stated

Source:http://www.gptoday.com/full_story/vi..._to_save_race/
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Latest report quote Ecclestone saying;
Quote:
Buying Nürburgring would be impractical
Source: http://www.autocarindia.com/News/349...cclestone.aspx
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Old 12th July 2013, 18:06   #34
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Default re: The Nurburgring is for sale! Edit: Sold to Capricorn Group

Quote:
Buying Nürburgring would be impractical
He's negotiating.
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Old 6th November 2013, 07:53   #35
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Default re: The Nurburgring is for sale! Edit: Sold to Capricorn Group

German auto giants bidding on Nürburgring ?

Quote:
Although there is no intel on which carmaker – Daimler, BMW or the Volkswagen Group – might be most interested, whichever company would step up would be required to keep it open to both the public and other automakers, many of which use the 13-mile Nordschleife and its 73 varying corners as a test track.
Currently many world-class racing circuits are owned by automakers. Suzuka and Motegi belong to Honda, Fuji to Toyota, Ferrari owns Mugello and the Nardo test track in Italy was recently bought by Porsche, to name just a few.


http://www.autoblog.com/2013/11/04/g...n-nurburgring/

Cheers!
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Old 10th November 2013, 23:37   #36
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Default re: The Nurburgring is for sale! Edit: Sold to Capricorn Group

No matter what, or who, when they happen to taste moolah, a significant part of it has to go their pockets, no matter who drops it to whatever use. Pretty sad. But hope it acts as a two way receptacle, for good.

Cheers!
VJ
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Old 12th November 2013, 22:24   #37
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Default re: The Nurburgring is for sale! Edit: Sold to Capricorn Group

Update;

The Nurburgring has moved one step closer to a savior, as a potential buyer for the German circuit emerged.

ADAC (Allgemeiner Deutscher Automobil-Club) has submitted a non-binding offer for the 'Ring.

Frankfurter Allgemeine Zeitung newspaper (FAZ) newspaper estimated the value of the venue, including the fabled Nordschleife loop, at EUR 100 million.

Lets wait & watch

Source
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Old 26th November 2013, 08:30   #38
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Default re: The Nurburgring is for sale! Edit: Sold to Capricorn Group

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Originally Posted by karan561 View Post
The Nurburgring has moved one step closer to a savior, as a potential buyer for the German circuit emerged.
ADAC (Allgemeiner Deutscher Automobil-Club) has submitted a non-binding offer for the 'Ring.

Offer to by ADAC to purchase embattled Nurburgring rejected. It has emerged that the powerful German automobile club ADAC is no longer in the contention to buy the embattled Nurburgring - Offer considered too low.

http://grandprix247.com/2013/11/22/o...ring-rejected/
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Old 29th November 2013, 22:14   #39
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Default re: The Nurburgring is for sale! Edit: Sold to Capricorn Group

In the meanwhile;

La Tene investment firm (a Premier global investment and advisory firm) places 275M EUR bid for Nurburgring

It is a considerably higher amount of money proposed taking into account ADAC's offer was for a "double-digit million (EUR) sum." Just like ADAC, it seems La Tene only wants the "German Race Track Nürburgring" so they are probably not interested in acquiring the theme park and all related commercial facilities.

Source

Last edited by karan561 : 29th November 2013 at 22:16.
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Old 6th March 2014, 16:24   #40
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Default re: The Nurburgring is for sale! Edit: Sold to Capricorn Group

Latest reports suggests the Nurburgring is SOLD for between EUR 60 and 70 million.

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Old 12th March 2014, 11:27   #41
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Default re: The Nurburgring is for sale! Edit: Sold to Capricorn Group

The sale of the Nürburgring took another unforeseen twist where it was expected that American investment firm HIG Capital would be announced as the new owner, but after being delayed for several hours, the Germany-based Capricorn Group (Capricorn is an automotive parts supplier for both the car industry and racing teams, but it also has ties to the aerospace and construction industries.) was announced as the buyer, instead.

Reports claim that the final sale price was €100 million plus a €25 million investment in the circuit (for a total of approximately $173 million at the time of this writing).

Source
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Old 13th March 2014, 07:18   #42
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Default re: The Nurburgring is for sale! Edit: Sold to Capricorn Group

Its official. The ring has been sold to Capricorn Group for the sum of €100 million.

Official: Nürburgring has been sold

I think its a bargain considering they have got it for around €75 million and €25 million will be earmarked for investment into the circuit. And glad the ring stays within the automotive industry. And the test below gives me immense hope that Capricorn will be a good for the ring.

Quote:
Dr Robertino Wild, who heads Capricorn Group, an avid racer who won the Ferrari Challenge 2000, said: "As an enthusiastic motor sport fan, the Nürburgring has always been a passion of mine. We have identified the enormous potential of this unique race venue and would like to optimise the existing structures, but above all turn the vision of an automotive technology cluster into reality."
I just hope they don't shut down the track for public. I really wish to drive a good car on the ring some day. If the GT5 experience on PS3 is anything to go by, I am sure I wouldn't want to limit it to a single day.

Last edited by deetjohn : 13th March 2014 at 07:21. Reason: Adding link.
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Old 31st October 2014, 20:08   #43
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Default Re: The Nurburgring is for sale! Edit: Sold to Capricorn Group

The iconic and notorious Nurburgring circuit has been sold again. This is the third time the racetrack has been sold. According to reports, Russian billionaire Viktor Kharitonin has bought a majority stake in the racetrack which is also known as The Green Hell.
Viktor is the chairman of Moscow-based Pharmstandard, a decade old pharmaceutical company.
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