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Nürburgring officially sold for 100 million euros

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While earlier reports indicated that the Nürburgring had been sold for 60-70 million euros to a Miami-based private equity firm called HIG Capital, it turns out that a Germany company, Capricorn Group, officially purchased the mythical race track, amusement park and nearby hotels for 100 million euros, with an additional 25 million euros to be invested in infrastructure work.

The newly formed Capricorn Nürburgring, headed by Adam Osieka (a current VLN racer and CEO of Getspeed), will take over operations on January 1st, 2015.

The amusement park within the Nürburgring is expected to be relocated to another town in the area.

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