News Details
New Nurburgring owner misses second payment
The Nurburgring's sale has hit a fork in the road, not long after, the financially embattled German Grand Prix venue was bought for a reported 77 million by a Dusseldorf based automotive group called Capricorn.
Capricorn has since been successfully negotiating with Bernie Ecclestone about a new long-term race contract. But Rhein Zeitung newspaper has now claimed that Capricorn has not paid the second due instalment to the Rhineland-Palatinate state.
Citing sources, the report said the amount of 5 million became due on July 31. To date, Capricorn has only paid one instalment in the same amount.
'It is assumed that Capricorn's financing from banks has come to a standstill because the...
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12y ago from GrandPrix247.com
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