German media reports that the famed Nurburgring was sold to Viktor Kharitonin, a billionaire.
German media reports that the famed Nurburgring was sold to Viktor Kharitonin, a billionaire.
We reported in March that Get speed and Capricorn Group had purchased the Nurburgring for EUR77 million. However, this deal didn’t last long. Senior partner Capricorn, which holds two-thirds of the deal, is currently facing serious financial problems and was forced to sell the ‘Ring as it couldn’t make the required payments.
According to Wirtschafts Woche business weekly , Viktor Kharitonin has purchased the Nurburgring. This might be good news considering that the Nurburgring could have been shut down if Capricorn or Get speed had not made the required payments. It’s not clear at the moment what the new owner plans to do with the famed circuit.
According to the report, Viktor Kharitonin already paid the second and third instalments of the due payments for the German circuit. However, the latter is due December. Pietro Nuvoloni, an official spokesperson for the administrator of insolvency, stated that “This is a positive sign for operators, customers, and employees.” He said that NR Holding AG was involved in the purchase of Capricorn’s two-thirds shareholding.