The Nürburgring racetrack in Germany is officially up for sale this week. The sale of the 12.8-mile, 154-turn track includes the salaries of 300 employees, but not the $515-million debt that caused the 'Ring's bankruptcy.
We reported last July that the track would go through bankruptcy managed by the German government. A public bailout was proposed later that month, but was then blocked by the European Commission.
The track is owned by the German government, which says the new owner would have to agree to allow access to the public, though it's unclear whether that means driving or just spectating.
The 86-year-old track hosts a handful of race series and driving events during the year, including the Mercedes AMG school, German touring cars, vintage races, Formula One, endurance series and more. We assume most of that would continue under a new owner. The course generates an income of about $80 million per year. Obviously, automakers also spend plenty of time there, tuning high-horsepower and sports cars.
Interested parties must raise their hands by June 12; estimates for the sale price are near $170 million
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Author: Jake Lingeman