News Details
Nurburgring buyout on brink of collapse
Nurburgring future uncertain
The fate of the German Grand Prix venue at the legendary Nurburgring is once again in serious doubt as financial woes continue to mount.
Recently, we reported that after the embattled circuit was bought for a reported 77 million, it was in the throes of promising talks with Bernie Ecclestone over a new long-term Formula 1 race contract.
But it then emerged in late August that the buyer, a Dusseldorf company called Capricorn, had missed the deadline on its latest due payment to the Rhineland-Palatinate state.
'We still expect the sale to go ahead,' a spokesman for the financial recovery experts in charge of the Nurburgring insolvency said at the time.
But now,...
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10y ago from GrandPrix247.com
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