Will the Nurburgring For-Sale Announcement Be Made Tomorrow?

Kinja'd!!! "horspowr1001" (horspowr1001)
03/10/2014 at 17:07 • Filed to: Nurburgring

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I can't tell you because

1) I can't open this link at work
2) I can't read German.

Somebody else do it.

http://www.swr.de/landesschau-ak…


DISCUSSION (6)


Kinja'd!!! Where have all the lightweights gone? > horspowr1001
03/10/2014 at 17:11

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The Google Translation is pretty awful, but I could understand they will announce the sale at 2PM local time.


Kinja'd!!! André - Volvo4Life > horspowr1001
03/10/2014 at 17:11

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!!! UNKNOWN CONTENT TYPE !!!

"The sale of the Nürburgring will be finally sealed on Tuesday. The speaker of the creditors' committee, Pietro Nuvoloni, on Monday confirmed information of the SWR, after which the committee members were summoned to a meeting at short notice."


Kinja'd!!! Nibbles > horspowr1001
03/10/2014 at 17:12

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Translated:

!!! UNKNOWN CONTENT TYPE !!!

The sale of the Nürburgring will be finally sealed on Tuesday. The speaker of the creditors' committee, Pietro Nuvoloni, on Monday confirmed information of the SWR, after which the committee members were summoned to a meeting at short notice.

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Who will be the new owner? On Tuesday, it shall stand.

After SWR information meeting to be held in Koblenz in the morning. "Then is to expect a decision on the sale of the Rings", Nuvoloni said. On Tuesday afternoon (14.00 clock) will then inform the public in Koblenz: "At our press conference, we will present you the result of investors process on the sale of the assets of the Nürburgring as well as the purchaser," said Nuvoloni on. The new purchaser would thereby also present also outlines its approach and its plans for the racetrack.

!!! UNKNOWN CONTENT TYPE !!!

This tight schedule might suggest that the two renovation expert Thomas Schmidt and Jens Lieser have decided long ago - and only the committee of creditors have to agree. In this local government representatives sit at the Nürburgring, the employees, the labor administration and the state-owned development bank ISB.The country is the main shareholder in the ring.

After researching the SWR of the international financial investor HIG has the edge.Behind whose tender is also the operator of the racetrack Bilster mountain near Paderborn, Marcus Graf von Oeynhausen-Sierstorpff. Meanwhile, the Group plans a news conference, as his office confirmed on Wednesday or Thursday.

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The only serious competitor in the race for the Nürburgring purchase is the automotive Capricorn. The offers both bidders occur after SWR information close together. An offer of the headline-grabbing ADAC was against it for the time being "parked" because it turned out to be low. The second largest automobile club in the world is only interested in the two of the Nürburgring race track.

With the initiative "We are Nürburgring" pushes the possible sale to HIG for sharp criticism. It is to be feared that with a for-profit maximizing owners come the end of the grassroots on the ring, the initiative was recently announced.


Kinja'd!!! Flat6ForLife, Drives a Flat4 > horspowr1001
03/10/2014 at 17:13

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I believe so. It says that the sale of the 'ring will be finally sealed on Tuesday. So let's hope its for the better.


Kinja'd!!! Jobjoris > horspowr1001
03/10/2014 at 17:14

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Tomorrow 14.00 CET announcements will be made of what will happen to the Ring. The new buyer will be at this press-conference. It's suspected that the private equity firm HIG has won the bidding-process. HALS UND BEINBRUCH!


Kinja'd!!! Iheartmy365kHonda - Car enthusiasts do like FWD > horspowr1001
03/11/2014 at 02:21

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Dear Sabine Schmitz,

I am so sorry. Your heart must be broken. If I had enough money to buy the track, I would flat out give it to you. Again, my most sincere and deepest condolences.

Sincerely,

A man now with broken dreams