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...
Full Story »
Share

You May Also Be Interested In...

Lawyer says Ecclestone paid $100 million for good of F1

Lawyer Sven Thomas with his client Bernie Ecclestone Formula 1 supremo...
10y ago from GrandPrix247.com

Ecclestone goes sailing after $100m settlement

Bernie Ecclestone's yacht Petara Formula 1 supremo Bernie Ecclestone's...
11y ago from GrandPrix247.com

Ecclestone pays up

Bernie Ecclestone's legal troubles are behind him as a German court has...
11y ago from PlanetF1.com

Lopez denies Genii financial troubles

Gerard Lopez Lotus owner Gerard Lopez has lashed back at reports...
11y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Joan Mir reveals ‘realistic position’ for Honda...

Joan Mir revealed his sixth-place in Sunday’s Austrian MotoGP race was...

Francesco Bagnaia ‘running out of patience’ with...

Francesco Bagnaia revealed it is “difficult to explain” his 2025...

Casey Stoner slams MotoGP's new stability control...

Two-time MotoGP champion Casey Stoner has voiced his disapproval of...

Popular On IndyCarToday.com

MSR extends Marcus Armstrong contract for 2026 IndyCar...

Meyer Shank Racing announced on Monday that it will keep Marcus Armstrong...

Strongest season yet for Pato O’Ward has been...

Pato O’Ward is having the best IndyCar season of his career, and is...

Popular On TotalWRC.com

Popular On GunnersToday.com

Report: 25-year-old looking to leave Arsenal after...

Reports emerging from Portugal suggest that FC Porto are closely tracking...
1h ago from CaughtOffside.com

Arsenal could attempt to sign striker after Kai...

t;li>Germany forward could be absent for extended periodInjury leaves...
1h ago from TheGuardian.com

Arsenal move 'looked likely' but player 'fully...

Eberechi Eze is expected to leave Crystal Palace during the summer...
3h ago from CaughtOffside.com

Arsenal 'back in the market' after Havertz injury...

Arsenal attacker Kai Havertz has picked up an injury, and he is expected...
1h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.