The Nürburgring racetrack in Germany is hallowed ground in the automotive world, but after going bankrupt last year it’s now up for sale and looking for a new owner. A Bloomberg report says that bids are currently being assessed for the track and its adjacent amusement park which has yet to open.
The Nürburgring announced its bankruptcy in July 2012, although the track did not close down. Now, carmakers are reportedly in the mix among the bidders looking to purchase the track. Automakers have bought racetracks before, like Porsche with the Nardo Ring in Italy and Mazda with California’s Laguna Seca, and the Nürburgring could potentially be profitable for a car company thanks to its average annual revenue of between 50 and 60 million euros and average profits of six to eight million euros per year. The German ADAC, an automobile club, is also reportedly interested in bidding.
Any buyer would be required by law to keep the track open to the public and the automotive industry. The Nürburgring is currently open to the public most of the year for a €26 fee per lap, and many automakers use the track for testing and engineering work. For a certain number of days per year, the track is opened exclusively for carmakers for secretive testing days of future models.
The 13.1-mile Nürburgring circuit is one of the most challenging racetracks in the world, with 73 corners, uneven surfaces, and wild elevation changes that push cars to their limits. We certainly hope that one of these supposed bidders will come through to keep this important piece of automotive history alive.