Russian billionaire buys 99% stake in Nürburgring

Tuesday, May 24th, 2016 - autos, cars, motoring, news

Source : Russian billionaire buys 99% stake in Nürburgring

McLaren P1 Nürburgring Victor Kharitonin to inject liquidity into the iconic circuits. Talks with Bernie Ecclestone F1 on the agenda acquired 19,459,004] Pharmaceutical Russian billionaire Victor Kharitonin 99% stake in Nüburgring the idea reports in a deal worth nearly £ 30 million.

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businessman billionaire already owned 80% of the circuit along with its assets, however a report in Forbes Russia claims he purchased the 19% again, bringing his total to spend up to nearly 60 £ million.

The remaining 1% share of the King of Getspeed, a performance company based near the path.

Autocar has contacted the Nurburgring for comment, however had not received a formal response.

has stimulated

story from the trust in which the future Nüburgring will be in safe hands, after fate cast in doubt when the former owner of Capricorn fell into financial difficulties in 2014.

along with insiders say in which in which fresh agreement vision Nurburgring get injected much-needed cash, which should help him further improve the safety of – something in which’s been a major focus since the death of a spectator during the incident from the VLN race last year

expressed

Kharitonin also ambitions to resume talks with F1 boss Bernie Ecclestone about re Nurburgring Grand Prix back on the calendar F1. Department dropped out of the calendar last year from the wake of the financial issues, along with in which year’s German Grand Prix will take place on the Hockenheimring.

by Autocar via RSS



Source: Russian billionaire buys 99% stake in Nürburgring

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