/Nurburgring Reportedly Sold to Russian Billionaire

Nurburgring Reportedly Sold to Russian Billionaire

nurburgring at Nurburgring Reportedly Sold to Russian Billionaire

A few months ago investment group Capricorn secured the deal to purchase two third of the Nurburgring circuit. That put all the fans at ease, since the deal meant the world’s most famous race track will remain operational. Unfortunately, Capricon failed to come up with the money, the staggering sum of €77 million.

That is bad news, but you shouldn’t be worried about the fate of your favorite track, as it has reportedly found a new buyer, a Russian businessman with deep pockets called Viktor Kharitonin. This means that the Nurburgring will keep its doors open, at least until Kharitonin’s company decides what they want to do with it. The ‘Ring clearly isn’t viable as an investment, because if the return was good the original owners would never try to get rid of it.

It is not clear yet what the Russians have in mind for the Nurburgring, but changes in the way the circuit operates will be inevitable as it needs to make money to survive. But that would probably be accomplished through involving the track in bigger, more high-profile international events. Your Sunday afternoon blast around the track won’t be interrupted any time soon!

Via PistonHeads

VN:F [1.9.22_1171]
Rating: 10.0/10 (2 votes cast)
Nurburgring Reportedly Sold to Russian Billionaire, 10.0 out of 10 based on 2 ratings

(Founder / Chief Editor / Journalist) – Arman is the original founder of Motorward.com, which he kept until August 2009. Currently Arman is our chief editor and is held responsible for a large part of the news we publish.