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 »
Full Story »
11y ago from GrandPrix247.com
0
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...
11y 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
Ducati trusts that "everything will remain...
No description available...
19m ago from Motorsport.com
Winners and losers from MotoGP’s returning Brazilian...
No description available...
4h ago from Motorsport.com
How Marco Bezzecchi dominated the Brazilian MotoGP to...
New MotoGP championship leader Marco Bezzecchi overcame a "really...
3h ago from MotorsportWeek.c...
Pedro Acosta: ‘Last year’s KTM wasn’t that bad,...
No description available...
1h ago from Motorsport.com
Popular On IndyCarToday.com
Legacy Grand Prix of Long Beach promoter Jim...
No description available...
1d ago from Motorsport.com
Takuma Sato set for Indy 500 return with Rahal...
No description available...
5d ago from Motorsport.com
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
5d ago from MotorsportWeek.c...
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Kalle Rovanpera’s Super Formula programme suspended...
No description available...
2d ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme paused...
No description available...
2d ago from Motorsport.com
WRC Safari Rally Kenya: Oliver Solberg wants more rain...
No description available...
2d ago from Motorsport.com
Takamoto Katsuta breaks down in tears after...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
The hidden factors that could decide the Premier...
The Premier League is entering its final weeks and the league table...
59m ago from CaughtOffside.com
“I’m shocked” - Tim Sherwood reacts as Tuchel...
Former Tottenham manager Tim Sherwood has admitted he is stunned that...
29m ago from SportsKeeda.com
“Arteta did not make a mistake by starting Kepa” -...
Former Arsenal and Manchester City defender Bacary Sagna has shared his...
59m ago from SportsKeeda.com
Player ratings: Arsenal 0-2 Manchester City
Arsenal underwhelmed in the League Cup final on Sunday afternoon, and it...
1h ago from FreshArsenal.com
Comments
Hottest News
BMW make decision on F1 return
BMW have announced their verdict on a potential... Read More »
3h ago from GPFans.com
Carlos Sainz issues 'big crash' warning to F1 over...
Carlos Sainz has reiterated his belief that a... Read More »
59m ago from RacingNews365.com
Max Verstappen triggers rebrand of major racing project
Big news in the sim racing world as Team Redline,... Read More »
1h ago from RacingNews365.com
