Circuit scheduled to return to Formula One particular schedule in 2015
By: GMM on March 6, 2014
According to a noted German organization weekly, the Nürburgring been sold for in between EUR 60 and 70 million (roughly $ 90 million).
This week, Formula 1 chief executive Bernie Ecclestone stated that he had been outbid for the fabled German Grand Prix venue, possessing supplied “$ 50 million.” Now, the leading German organization weekly Wirtschaftswoche reviews that Miami-primarily based private equity firm HIG Capital was the high bidder, possessing pledged EUR 60-70 million for the circuit, amusement park and nearby hotels.
The report said the Nürburgring trustee had truly hoped for a lot more than $ 25 million.
HIG Capital declined to comment.
Asked if the Nürburgring will return to the Formula One particular calendar as scheduled next yr, Ecclestone advised Reuters, “It depends who buys it.”
Signal up to have the Autoweek Daily Racing report, Racing Weekend Wrap-Up, Day-to-day Drive and Breaking Information delivered proper to your inbox.