Bidding Begins at the Ring

Nurburgring / Comments

A bid of around $170 million should be enough to secure the Ring and associated facilities.

It would appear that automotive enthusiasts' attempts to put off the sale of the Nurburgring have failed. Bidding on the Nurburgring and associated assets has reportedly now begun and interested parties have until June 12 to formally express their interest to purchase. Up for sale is the Nurburgring complete with the Nordschliefe course and Grand Prix circuit, the Motorsports Resort, and Congress and Motorsport Hotel. Buyers can opt for a package deal or buy each property individually.

The Ring currently has 300 employees and has an annual turnover of almost 60 million Euros. The Nurburgring's debts, alleged to be around $500 million, that caused the previous owners to file for bankruptcy, will be wiped clean upon completion of the sale, with the race track and its various facilities expected to fetch in the region of $170 million.

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