The future of the Nurburgring complex appears to have taken a step towards resolution amid claims that the motorsport complex has been sold to an American private equity firm.
According to reports from Germany, Miami-based HIG Capital emerged as the winner amongst a number of interested buyers, with the venue being sold for approximately $90m.
HIG had been listed amongst the 'interested parties' on a final short-list that had, at one point, included F1 supremo Bernie Ecclestone, and appears to have been the preferred bidder despite being rivalled by Dusseldorf-based Capricorn and another unnamed US-based equity firm.
The circuit's official receivers had also said that they would not be willing to sell the venue 'at any price', but reports in Germany's Wirtschaftswoche
reports that HIG's bid of $90m came in under the preferred $100m mark.
The Nurburgring is scheduled to host next season's German Grand Prix – Hockenheim has the honour in 2014 – but it remains to be seen whether or not the new owners intend for it to remain an active race circuit.
Capricorn and HIG were both reported to be in favour of retaining the track facilities for their current use, but were less convinced by the 'white elephant' amusement park that contributed to the 'Ring's financial downfall. Other suggestions have claimed that the Eifel venue could be turned into a development centre for major motor manufacturers or handed over to developers.