Nurburgring sold to Russian billionaire

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Nurburgring sold to Russian billionaire
Nick DeGroot
By: Nick DeGroot
Oct 30, 2014, 8:16 PM

The famous track has been sold once again.

#25 Marc VDS Racing BMW Z4 GT3: Maxime Martin, Jörg Müller, Uwe Alzen, Marco Wittmann and #66 Dörr Motorsport McLaren MP4-12C: Kevin Estre, Peter Cox, Tim Mullen, Sascha Bert lead the field to the start
Nick Heidfeld, BMW Sauber F1 Team, drives the Nordschleife Circuit in the BMW Sauber F1
#18 Audi Race Experience Audi R8 LMS ultra: Rahel Frey, Christiaan Frankenhout, Dominique Bastien, Christian Bollrath
Nick Heidfeld, BMW Sauber F1 Team, drives the Nordschleife Circuit in the BMW Sauber F1

The iconic and notorious Nurburgring circuit is going through its third ownership change this year. Bloomberg has revealed that Russian billionaire Viktor Kharitonin has bought a majority stake in 'The Ring.'

He is the chairman of Moscow-based Pharmstandard, a decade old pharmaceutical company. Motorsport industry supplier Capricorn Group failed to complete their acquisition of the track in March, reported to be a deal upwards of 100 million Euros.

Before Capricorn, the previous owners became insolvent in 2012.

About the Nurburgring

The Nurburgring has been around for just under a century, famous for its massive 154-turn 20.8km (12.9 mile) track known as the Nordschleife, and more ominously as 'The Green Hell.' It certainly earned that moniker with hundreds of lives ended there during its existence.

A 12-turn Grand Prix circuit was built in 1984 and is 4.556 km (2.831 miles) in length. The track also features more than 300 meters (1,000 feet) of elevation changes.

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About this article

Series General
Author Nick DeGroot
Article type Breaking news