Bridgestone Renews With FIS World Cup Audi Focuses On Formula E, Quits Le Mans Sport1 Looking To Renew MLB Rights Hoeneß: Not All Clubs Should Look Abroad FA To Invest $245M In Grassroots FIFA Fines Spanish FA For Rules Violations Adidas To End German Anti-Doping Support Inter Plans To Stop Losing Money West Ham Trying To Avoid Crowd Trouble More Than 4M Watch USGP On RTL
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
SBD Global/April 16, 2014/Facilities
U.S. Investment Company NeXovation Confident In Complaint Over Nürburgring Sale
Published April 16, 2014
WANT MORE GREAT STORIES LIKE THIS?
CLICK ON ONE OF THESE BUTTONS
HISTORIC VENUE: The Ring, which opened in 1927, is one of the most famous racetracks in the world. The track, referred to as “Grüne Hölle” (Green Hell), thanks to former F1 world champion Jackie Stewart, has seen legendary races including the fire accident of triple F1 world champion Niki Lauda in ’76. The modern Nürburgring includes a 3.2-mile Grand Prix track and the 14-mile Nordschleife, as well as a theme park and business center. The downfall of the track began when the German state of Rhineland-Pfalz, where the track is located, decided to turn the Ring into a year-round theme park. And it ended in July ’12, when the Nürburgring had to file for bankruptcy. However, the track, which has operated at a loss for years, is still a sought-after commodity and not only due to its motorsports history. Sexton: "The opportunity for us to implement a completely new business model, while preserving the historical and iconic nature of the Ring, is one of the most exciting aspects of the NeXovation bid."