TAKE THE PLEDGE
We need investors like you to pledge your support for our bid, especially if you're an enthusiast with only only a small amount of capital. To keep the spirit of the Nürburgring alive it should be controlled mostly by people like you!
If you would like to invest some money into this venture, please submit your details below and we'll add you to the register. It costs absolutely nothing, but gathering this support is critical for us to be considered for the short-list. When the time comes you will be given full details of the protections in place for your money, and if our bid is successful then you will receive your shares in the new Nürburgring company.
What Do I Get?
We are bidding on the entire Nürburgring, including the GP and the Nordschleife, plus all other associated infrastructure like the Dorint Hotel, Museum, etc. IP, Branding, Licenses to Operate, and other such administrative assets are also included. It will be entirely debt free, and protected from any clawbacks by the EU.
It's currently a profitable business, and is booked solid for 2013. Without the crushing debts that it's been saddled with in recent years, it's a sound business that we can operate without the need for capital injections.
NOTE: The above signup will register you for a single share. If you would like to give notice of intent to purchase more than one, then please fill out the CONTACT US form and specify:
Your name and the email address you used to register
Desired Minimum Number of Shares
Desired Maximum Number of Shares (if different from above)
If you want your details published as a supporter on the website with your logo & web link
How Much Do We Need?
The track will be sold through a sealed-bid auction, so nobody can give us an exact price yet. Prices have been quoted from between €125 and €180 Million. There could be an aggressive counter-bidder, so we should aim to secure as much as possible so we can be agile during the negotiations. Getting finance at the moment is very difficult for any competing bidders, so we will have the advantage that ours will be an all-cash offer.
My rough numbers to give us €200 Million break down thus:
As you can see this is a very modest investment up and down the scale, and will concentrate most of the shareholding (80%) in the hands of enthusiasts. Shares will be allocated on a first-come first-served basis, with a reserve list in case we need to trump a rival bidder.
You don't need to send any money, so you have no risk associated with reserving your shares. ACT NOW to help us save the Nürburgring and secure your position in the queue. Once we make the short list then you will be asked to make a partial deposit into a trust account, and complete your investment before we go to final bids. If we fail in our bid then you will get your money back, minus some unavoidable costs associated with the bid. We need a company and trust accounts created to hold the money, plus late in the process we'll have to hire some lawyers & accountants to do Due Diligence, but it should be in the order of a few Euro per share.