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Capricorn Development

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After three years of uncertainty, the Nürburgring has finally been sold, and not to an American investment group as had been rumored, but instead to a German real estate development group: Capricorn Development.

Capricorn is said to have paid €77 million for the iconic race course and its surrounding facilities, with the Düsseldorf-based firm promising to pump another €25 million into the property once they take full-ownership of it on January 1, 2015.