Home / Auto News / News article: Nurburgring Bidding Opens, 100M Euro Price Expected - AutoGuide.com News
 |  May 17 2013, 10:19 AM

Nurburgring

After the Nurburgring fell into bankruptcy last July, it was only a matter of time before a new buyer stepped up to purchase the track and its facilities, and the bidding for track began this week. 

The facility is expected to sell for around 100 million Euros, and it is possible that more than one investor will purchase it. Currently, the estimated yearly turnover of the ‘Ring is around 50.7 Million Euros.

Previously the track had received money from the government to fund the building of an amusement park, hotels and shopping centers. These are cited as one of the main reasons why the track has continually lost money.

Despite the sale, the 24 Hours of Nurburgring Endurance Race is scheduled to take place this coming weekend.

[Source: AutoCar]