The financially embattled Nürburgring circuit has a new owner, following the sale of the historic track and its assets were bought for over €100 million.
Its new owners are the Dusseldorf-based Capricorn Group automotive supplier company, who have also acquired the Eifel region track’s surrounding hotels and purpose built theme park.
Capricorn won’t officially take over ownership of the facility until the beginning of 2015, whereupon it has committed to invest a further €25 million to carry out additional development work.
What is not confirmed is whether Capricorn will actually continue with the Nürburgring playing host to the German Grand Prix, the future of which is looking increasingly cloudy if recent rumours are to be believed. The venue currently hosts the Grand Prix on an alternating basis with the Hockenheim circuit, although it too is under increasing financial strain.
Image via XPB Images