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Capricorn Bid For ‘Ring Hits Trouble, Russian Billionaire Buys Into Consortium

The tortured recent history of the Nurburgring has another chapter it seems as the Capricorn effort to redevelop the circuit and its surrounding estate hit further choppy waters.

The €77 million deal to purchase the assets saw Capricorn a two thirds partner but struggling (and failing) to meet its financial commitments.

Ring24-Race-11

Report from Germany now suggest that Russian billionaire Viktor Kharitonin has bought into Capricorn’s share, has made the payments due on the deal today and also in advance for December therefore potentially taking control of the deal, and therefore the ‘Ring!