Thursday, March 21, 2013

Nürburgring racetrack officially for sale


After a few years of having financial problems, Nürburgring racetrack was officially offered for sale.

Details on the Nürburgring racetrack will be sold whole or split into unconfirmed but currently have 5-10 people willing to pay $ 161 million to own this famous race.


                                                             Nürburgring racetrack

Owned by the state of Rhineland-Palatinate, this track is also known with the nickname The Ring. According to the newspaper Rhein-Zeitung (Germany), the debts of the board now has up to 413 million euros, including 330 million euro loan from the bank ISB same 83 million euro from other loans.

For many years, Nürburgring has suffered the debt and heavy losses. In 2004, the state government has invested 215 million euros for the expansion of the Nürburgring. This plan includes the construction of a leisure center and business park and hotel, but it was dismal commercial failure.

Beginning in 2007, along with the track Hockenheimring, the Nürburgring is the place where the German Grand Prix race, held every 6 months.

Track history from the year 1927 is winding around the Eifel mountains. It was dubbed the "death race" was designed with many dangerous bends, has caused numerous serious accidents (even death) for the race here.

No comments:

Post a Comment