German government liquidating some assetsSubmitted by bcfast on Tue, 11/19/2013 - 10:56
Nürburgring on sale this week
The Nürburgring racetrack in Germany is officially up for sale this week. The sale of the 12.8-mile, 154-turn track includes the salaries of 300 employees, but not the $515-million debt that caused the 'Ring's bankruptcy.
We reported last July that the track would go through bankruptcy managed by the German government. A public bailout was proposed later that month, but was then blocked by the European Commission.