Buyout group HIG poised to buy historic Nuerburgring - sources


FRANKFURT (Reuters) - An investor group led by buyout firm HIG Capital is poised to buy the financially troubled Nuerburgring race track, two sources familiar with the transaction said on Wednesday.

The circuit went into administration in 2012 after local politicians loaded it with debt equating to around 50 years worth of profit, and the famed and feared track started looking for a new owner in the spring of 2013.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Motorsport

Motor racing-Moss hailed as true racer at memorial service
Motor racing-FIA's first CEO Robyn to leave after 18 months
Motor racing-U.S. House judiciary chairman probes F1's Andretti rejection
Motor racing-Miami GP sets F1 record for a live U.S. television audience
Motor racing-Red Bull have taken 220 staff from Mercedes, says Horner
Motor racing-From Trump to Verstappen everyone celebrates Norris win
Motor racing-McLaren's Norris wins Miami Grand Prix for first F1 win
Wonder Akid wheels to victory again in Cub Prix Championship
Motor racing-Magnussen helped Hulkenberg with 'well-deserved' penalties
Motor racing-Red Bull's Max Verstappen take pole for Miami Grand Prix

Others Also Read