Classic #F1 Track for sale – Nuerburgring
Bloomberg is reporting that the Famous German Circuit is up for sale.
The Nuerburgring, the German race track known as Green Hell for its challenging Formula One course, goes on sale tomorrow after its owners failed to pay loans taken out to build hotels and a rollercoaster on the site.
Investors can submit bids starting tomorrow for the 379-hectare (937-acre) property, Jens Lieser, the lawyer managing the insolvency of owner Nuerburgring GmbH, said today by telephone. Bidders will probably include event organizers as well as automakers and suppliers that would use the tracks to test equipment, he said.
Read the article on bloomberg.com