Home to many a ‘Ring time, as well as one 24-hour FIA GT3 throwdown with as many competitors and fans as it can fit, the Nurburgring has found a new owner in Russian billionaire Viktor Kharitonin.
Autoblog reports Kharitonin — founder of Russia’s largest pharmaceutical company, Pharmstandard — took over from previous owner Capricon, who paid €77 million ($96 million USD) for the track in a bankruptcy sale.
Capricon couldn’t keep up with the monthly €5 million ($6.2 million) payments, however, which was when Kharitonin rode in to save the day.
Since then, the 1,342nd richest individual in the world has set up a holding company named NR Holding AG to oversee operations, as well as paid the next installment for December well in advance of the due date. Kharitonin’s company holds two-thirds of the Nurburgring, with German motorsports company GetSpeed maintaining the remaining third.
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