The iconic and notorious Nurburgring circuit is going through its third ownership change this year. Bloomberg has revealed that Russian billionaire Viktor Kharitonin has bought a majority stake in 'The Ring.'

He is the chairman of Moscow-based Pharmstandard, a decade old pharmaceutical company. Motorsport industry supplier Capricorn Group failed to complete their acquisition of the track in March, reported to be a deal upwards of 100 million Euros.

Before Capricorn, the previous owners became insolvent in 2012.

About the Nurburgring

The Nurburgring has been around for just under a century, famous for its massive 154-turn 20.8km (12.9 mile) track known as the Nordschleife, and more ominously as 'The Green Hell.' It certainly earned that moniker with hundreds of lives ended there during its existence.

A 12-turn Grand Prix circuit was built in 1984 and is 4.556 km (2.831 miles) in length. The track also features more than 300 meters (1,000 feet) of elevation changes.