F1 Fansite

F1 News

Nurburgring sold for up to 70 million

Posted on by with 0 Comments
Nurburgring Nurburg
Nurburgring sold for up to 70 million

Nurburgring main straight

The Nurburgring looks to have been sold for between EUR 60 and 70 million.

This week, F1 chief executive Bernie Ecclestone said he had been outbid for the fabled German grand prix venue, having offered “$50 million”.

Now, the leading business weekly Wirtschaftswoche reports that Miami-based private equity company HIG Capital was the high bidder, having pledged EUR 60-70m for the circuit, amusement park and nearby hotels.

The report said the Nurburgring trustee had actually wanted a three-digit million sum.

HIG Capital declined to comment.

Asked if the Nurburgring will return to the calendar as scheduled next year, Ecclestone told Reuters: “It depends who buys it.”

Book discounted tickets and reservate your hotelroom in on our F1 Tickets Shop.

Please share this article & subscribe to our FREE weekly F1 Newsletter

PinIt

Latest F1 News posts:

See older posts in our F1 News Archive »

Stay in touch with F1-Fansite!

Like us on Facebook
Follow us on Twitter
+1 on Google+
Subcribe YouTube Channel

Early Booking Discounts on F1 Tickets

Buy F1 tickets cheaper at F1-Fansite.com '14 & '15 Formula 1 Season Early Booking Discounts are:
F1 Grand Prix
Discount

Book F1 Tickets British F1 GP British '15 Available Book Now
Book F1 Tickets Singapore F1 GP Singapore 15 -15%
Book Now
Book F1 Tickets Spanish F1 GP Spain 2015 -20%
Book Now
Book F1 Tickets Monaco F1 GP Monaco '15 Available
Book Now
Book F1 Tickets Canadian F1 GP Canada '15 Available Book Now
Book F1 Tickets Austria F1 GP Austria '15 Available Book Now
Book F1 Tickets Austria F1 GP Hungary '15' -25% Book Now
Book F1 Tickets Belgium F1 GP Belgium '15 -25% Book Now
Buy F1 MerchandiseBuy F1 Merchandise of your favourite driver or team.