The famous Nürburgring racing circuit has just changed hands for the loft sum of €100 million Euros, or roughly $140 million USD. Many were not even aware that the uber-popular track was suffering insolvency. German auto firm Capricorn Group purchased the struggling circuit.
It was strange to read that the Nürburgring had been sold, as I did not know it was for sale.
The Capricorn Group became the proud new owners of the Nürburgring just over a year after the previous owners filed an insolvency application. While most do not notice when tracks are struggling, there are clearly companies monitoring for bargains! The Capricorn Group negotiated pedal to the metal style and ended up at the finish line with full ownership of the legendary track.