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Germany: Tarnished racetrack finds a buyer

 |  March 5, 2014

The financially struggling Nuerburgring racetrack is said to have finally found a new owner, say reports, since the track first went up for sale last sprint.

Reports say consortium HIG has filed to acquire the track with the Federal Cartel Authority, the regulator said on its website. While the consortium declined to comment, the company is rumored to pay between $82 and $96 million for the assets.

Formula One’s Bernie Ecclestone is said to have also bid for the track, which currently stands next to the F1 racetrack, used today.

Full Content: EuroSport

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