The Nurburgring has been officially sold for more than 100 million euros (approx. 140 million US dollars) to German “Capricorn Group”. The group will take over the beloved ‘Ring starting January 1, 2015 and intends to invest 25 million euros in the track.
Capricorn Group is a medium-sized business that “has its roots in motor sport and provides products and services for the automotive and aviation sectors through the development of innovative materials and technologies at several sites across Europe.”
The new buyer will continue to run the business operations of the Nurburgring, while it plans to develop and expand the legendary racetrack into an Automotive Technology Cluster.
It remains unknown whether Formula 1 will return to the track as F1 supremo Bernie Ecclestone previously threatened to move the German Grand Prix solely to Hockenheim.