HIG bought Nurburgring

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HIG bought Nurburgring

The American investment group HIG Capital is probably going for Nurburgring. 18 months after its bankruptcy and rumours that Bernie Ecclestone will obtain the racetrack, German magazine Wirtschaftswoche states its very probable that British investor Meyrick Cox and a German named Markus Graf Oeynhausen-Sierstorpff are willing to take the most difficult track. The investment is about to cost around 70 million euros which is nearly 100 million dollars.

The German magazine is bases its predictions on fact that HIG has already bought most essential part of Nurburgring as grand prix course and the 20km historic course used by tourist drivers, plus the hotel and amusement park. As there is no official annoucement yet Reuters has reported that HIG has already registered itself as the owner of some of the track’s assets with the German Federal Cartel Authority.

As it comes to Formula 1 races in future there is unfortunately a risk that Bernie Ecclestone as not highest bidder will block it and make it on Hockenheim.

However we will see  As he told to Reuters his decision is dependable on who buys it.

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By | 2014-10-30T12:10:04+00:00 Marzec 8th, 2014|BLOG, car news|0 Comments

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