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U.S. Investment Company NeXovation Confident In Complaint Over Nürburgring Sale
Published April 16, 2014
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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."