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Nürburgring goes private. Sold to Capricorn, German auto supplier
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03-11-2014, 01:10 PM | #1 | |
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Nürburgring goes private. Sold to Capricorn, German auto supplier
BIMMERPOST NEWS Nürburgring goes private. Sold to Capricorn, German auto supplier After years of financial trouble, the publicly-owned Nürburgring has finally been sold and privatized. Dusseldorf-based automotive supplier Capricorn has won the bid to purchase the Nürburgring. Capricorn beat out American firm HIG Capital in its bid for the Ring. The deal is reported to be for approximately 100 million Euro, with an upfront investment of 25 million Euro (to expand/improve the track). Capricorn produces engine components and employs more than 350 employees. The company already has an on-site factory at the Nürburgring which manufactures crankshafts, camshafts, pistons, and other engine parts. Its parts have been used in 10 F1 maufacturer's championships, 9 F1 driver's world championships, 10 WRC manufacturer championships, 3 NASCAR Sprint Cup wins, 7 overall Le Mans wins, 10 Dakar wins, among others. Official press release: Quote:
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03-11-2014, 08:36 PM | #2 |
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as long as they keep it open to the public, i don't care if it's owned by tooth fairies from another dimension. Driving there is one of the things I have to do before i die.
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03-11-2014, 11:03 PM | #3 | |
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I've been to the 'Ring - it's SO worth it! Just make sure you practice on a simulator before you go. You can actually learn the track before you do. Trust me, it works and you'll have more fun.
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03-12-2014, 07:50 AM | #4 |
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Maybe HIG Capital can open up a Nurburgring clone in the USA somewhere...
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03-12-2014, 07:58 AM | #6 |
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Indeed! It's not necessary, but having a visual map in your head helps with the enjoyment of the track. Definitely a check on my bucket list as well!
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03-12-2014, 08:05 AM | #7 |
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Is it just me or 125 000 000 euro seems really cheap?
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03-12-2014, 08:09 AM | #8 |
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The Save The Ring folks aren't gogin to be happy about this...but it could turn out OK.
Apparently the buyer was talking about all the great stuff they want to implement to make Touristenfahrten safer and more efficient, so that was promising. I think the locals are worried that the demand from auto makers, track day rental companies and other private users will be so high that the company will go for wherever the profit is, even if that means less public access. My question is - when it was government owned, why would they have not doen the same? The thing lost money for years, and if my tax dollars were paying for it, I'd want the gov't to operate it profitably, not to take a loss for the sake of the gear heads. Another risk is simply less public days, so peopel who live nearby may not be able to drive over tehre after work on a Wednesday for a few laps. That would suck because if you've ever seen the place on a weekend, it's ridiculous - but of course it probably pulls a ton of cash. I don't think they'll end touristenfahrten, but I could see them limiting it to weekends, which would suck but be better than nothing... Thanksgiving or easter weekend, just get an overnight flight to Frankfurt, rent a car and drive the 2hrs to the Ring, get a Swift Stage 2 from Rent 4 Ring and go nuts, then fly home on the Monday. You could probably do it for $2000 all in. |
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03-12-2014, 08:09 AM | #9 |
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having driven the ring and spending countless hours on forza...
the sheer elevation change and narrowness of the road is impossible to replicate in a simulator.
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03-12-2014, 08:13 AM | #10 | |
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03-12-2014, 08:21 AM | #11 | |
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03-12-2014, 08:30 AM | #12 | |
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03-12-2014, 09:01 AM | #13 |
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The fact that it was sold to a company in the auto industry, as opposed to some investment group, is definitely a promising sign that tourist days will continue.
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03-12-2014, 09:18 AM | #15 |
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Save The Ring!
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03-12-2014, 09:28 AM | #16 |
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I hope they keep it open to the public. I've done 3 real life laps on that track, and I highly recommend anyone interested in cars to make it out there at least once. I saw the 24hrs of Nürburgring race there, the museum and I still to this day wear the Nürburgring jacket I bought from their store all the time. I love that track. I'm surprised the German government didn't buy it and call it a historical landmark.
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03-12-2014, 09:47 AM | #17 |
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lets hope for it
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03-12-2014, 10:04 AM | #18 | ||
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You know I was actually going to do that but didn't want to post that on here lol fear of people poking fun lmao In either case I'm glad you brought that up it's a splendid idea of learning the track a bit before you drive it for real.
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03-12-2014, 10:13 AM | #19 |
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Doing this on Easter Sunday, I have a half day booked in a BMW 125 thru rent 4 ring. Hope this doesn't mess anything up
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03-12-2014, 10:16 AM | #20 |
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Yeah that seems cheap as hell..Because the money there going to get back form charging Auto corporations to test there vehicles on this track and also charging the public..There going to be Raking in the Dough.
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03-12-2014, 10:49 AM | #21 | |
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That's because you are playing with the wrong game... for that you need to have Gran Turismo Congrats to Capricorn, wishing them to benefit from this investment, and help us the fans continue to enjoy this legendary track!
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03-12-2014, 11:07 AM | #22 | |
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