Roughly 18 months after going bankrupt, being put up for sale (which prompted rumors that Formula 1 supremo Bernie Ecclestone would buy it), the Nürburgring is finally very close to having a new owner. While the final contracts reportedly aren't signed yet, German business magazine Wirtschaftswoche indicates that American investment group HIG Capital, British investor Meyrick Cox and a German named Markus Graf Oeynhausen-Sierstorpff are buying the track for 60 million to 70 million euros ($83.2 million to $97 million).

HIG is reported to have purchased the essential parts of the track, which according to the magazine includes both the grand prix course and the 20km historic course used by tourist drivers, plus the hotel and amusement park. Whether it's also buying the track's museum isn't known yet.

According to Wirtschaftswoche, track administrator Jens Lieser says that there's still no final decision on one or more buyers for the circuit, but he reportedly acknowledges that the investor process is well underway. Even without the ownership being official yet, Reuters reports that HIG has already registered itself as the owner of some of the track's assets with the German Federal Cartel Authority.

Unfortunately, the future of F1 racing there is not assured, and Ecclestone's machinations are already at work. He told Reuters that the future of Formula 1 races at the 'Ring "depends who buys it" and suggested that he is working with Hockenheim to hold a race there every year. Currently, the two tracks alternate which hosts the German Grand Prix. While Ecclestone was rumored to buy the track multiple times, a recent report indicated that he was not among the highest bidders.

Autoblog attempted to contact HIG for more details, but it had no comment. We think the company needs to box up its new purchase and ship it over to these shores as soon as possible so that we can have some fun.


I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • 25 Comments
      Tweaker
      • 9 Months Ago
      I am having a hard time understanding why Ecclestone has any say in anything beyond his food plate in the penitentiary. He is an embarrassment to F1.
      Matt
      • 9 Months Ago
      The new American owners should bulldoze the whole track and re-pave it as a drag strip, with a Walmart on one side and a McDonald's on the other. Zee Germans would love that.
      Lachmund
      • 9 Months Ago
      This is terrible news. I hope they treat it with respect.
        over9000
        • 9 Months Ago
        @Lachmund
        You act as if Americans as not passionate about automobiles. You disgust all of us with your German mentality
          Lachmund
          • 9 Months Ago
          @over9000
          You are generallizing. This has nothing to do with their nationality. The problem is this is a heavily capitalistic oriented investment. Idiot
          mbukukanyau
          • 9 Months Ago
          @over9000
          Germans cannot afford to keep it open, its not like the first time America has rescued something European, socialism does not work. It will probably be open to the public for some more money than they charge now.. I hope the Frances do not get near it. The only way out is if Automakers in Europe, America and Japan came together to keep it open
          over9000
          • 9 Months Ago
          @over9000
          You think the ring is a depreciating asset? You must be living in a cardboard box.
          Lachmund
          • 9 Months Ago
          @over9000
          "The only way out is if Automakers in Europe, America and Japan came together to keep it open." That's true but unfortunately unlikely. I'm all fine with it if they keep it open for the public....They will have to raise prices for sure and fees for Automakers to use it...Like I wrote in another post which strangely got deleted: I simply fear it will become some kind of elitist playroom...that's what I meant with "terrible news". I was hoping the ADAC would get it, which I mentioned in another post which strangely got deleted as well. None of this investors is involved in the Auto industry and I simply would have preferred if the winning bidder was. That's all. Like I said..there is hope they treat it with respect.
        Lachmund
        • 9 Months Ago
        @Lachmund
        There was a post where I explained myself...That I fear they will turn the ring into some motorsport Mekka for the 1% instead of keeping it open for the public. It got deleted! Can someone please explain...I simply cannot believe some troll on here(you know who I'm talking abt) really made that many accounts to flag a totally appropriate post.
          Ed
          • 9 Months Ago
          @Lachmund
          No, this is not terrible news, it the best news possible. Hopefully the new owners will restore, preserve and understand what the Nurburgring means to the world of motorsports. Your comments are just a bunch of anti-American and anti-market nonsense. Motorsport enthusiasts on the internet treasuring the Nurbrugring isn't enough to save it. Like all things, the Nurburgring needs money and good management to operate. It had neither before the sale. If you fear it being turned into a playground for one-percenters with fast cars (as if most of the high-performance cars found there are owned by the poor), and if you think you can do better, you should've bought it yourselves. With the new owners, the Nurburgring now has chance at least. It's best you stop grumbling about it.
          over9000
          • 9 Months Ago
          @Lachmund
          Only an idiot would buy the ring for the 1%. It may be surprising for you but to maximize their revenues they would have to open it for auto manufacturers and people who drive on weekends.
        Hans Wurst
        • 9 Months Ago
        @Lachmund
        "its not like the first time America has rescued something European" Sometimes I'm really disgusted by the superficiality on here. It really hurts my brain.
          Lachmund
          • 9 Months Ago
          @Hans Wurst
          The nationalistic force is strong in them. Just ignore it.
      RGT881
      • 9 Months Ago
      American? Ha! They'll turn it into a shopping mall in no time.
        gary
        • 9 Months Ago
        @RGT881
        Can drive through Starbucks every half mile around track be far behind?
      Patrick
      • 9 Months Ago
      Good news. My dream can still live on.
      WindsWilling
      • 9 Months Ago
      WalMarturgring hooo! Damn US investors. I'd hate to see the Ring go to waste, but damn if I'm not a little upset that they couldn't make a "Ring" here in the states, preferably close by me.
      mitytitywhitey
      • 9 Months Ago
      Please transport to the US. xP
      Adrian Hosein
      • 9 Months Ago
      Oh no, here come the burger kinds and mcdonalds now..:9..poor ring....it's gonna get fat.
      OptimusPrimeRib
      • 9 Months Ago
      Welp if it's the usual American vulture capitalist then this track will be shut down and bled dry in a matter of a couple of years.
        schizzle
        • 9 Months Ago
        @OptimusPrimeRib
        Or, American financial ingenuity could be used to make it into a profitable product. Kinda like how American venture capitalists funded a few companies you may have heard of such as: Apple, eBay, Facebook, Google, HP, Intel, GE, Twitter, & thousands of others.
      TrippulG3
      • 9 Months Ago
      "[Ecclestone] told Reuters that the future of Formula 1 races at the 'Ring "depends who buys it" and suggested that he is working with Hockenheim to hold a race there every year." Of course he would say that...it's classic Bernie. Pretend to be uninterested in a venue, enter into "talks" with other locations, all in an effort to justify driving up the ridiculous hosting fees he charges. I'm pretty sure that as long as the Nurburgring still has tarmac on it, F1 will find a way to host races there.
    • Load More Comments