Archive for the ‘Save the Ring’ Category

Nürburgring goes off the record

The fallout from the tragic accident at the Nürburgring in the VLN1 race back in March has continued with the track’s owners, capricorn Nürburgring GmbH, deciding to extend the speed limits initially introduced for motorsport only to all Nordschleife track activites. That means all Touristenfahrten days will have speed limits. All private track days will […]

Nürburgring “saved” by Russian billionaire

Viktor Kharitonin is a name you may not have heard of before. He’s a Russian business tycoon with connections to Roman Abramovich and has made his cash in pharmaceuticals, among other things. According to recent reports Kharitonin has stepped in to save the Nürbrgring by buying a controlling stake in the Capricorn consortium which won […]

Ingolf Deubel sentenced to jail

Ingolf Deubel, one of the men inextricably linked to the collapse of Nürburgring GmbH, was handed a three-and-a-half-year jail term by the Koblenz county court yesterday. Previously a finance minister for the state of Rhineland-Palatinate, Deubel was convicted on 14 counts by Judge Winfried Hetger. Deubel was found to have deliberately misled parliament after he sanctioned […]

Capricorn Nürburgring to takeover on 1 January 2015

The Nürburgring has been sold. But not to the American investment firm HIG Capital as first thought, but rather the German-based capricorn group. With a background in motorsport it appears fans can rest easy that the Nürburgring is in capable and willing hands. “The buyer will take over and continue to run the business operations […]

Nürburgring buyer to be announced today!

In the next few hours it’s expected the successful bidder for the purchase of the Nürburgring will be announced at a specially convened press conference. And that buyer is tipped to be the American investment group HIG Capital. What does this mean for the future of the Ring and, most importantly, the future of the […]

Ecclestone no longer in frame for Nürburgring sale

Liquidators for the Nürburgring hope to have the sale finalised by next month in time for the coming racing season and Bernie Ecclestone is no longer interested, according to German newspaper Rhein-Zeitung. Ecclestone confirmed his interest in buying the Ring last month but he is not among the list of final bidders. Submissions for the […]

Bernie Ecclestone confirms Nürburgring bid

The sale of the Nürburgring hasn’t exactly gone to plan. Almost a year after it went on sale it still doesn’t have a buyer. But that could all be about to change after Formula 1 boss Bernie Ecclestone confirmed he has made a bid for the track. “We made an offer and we now wait […]