German motoring club investigating ways to save embattled Nurburgring
12 November, 2013
The legendary Nurburgring has moved one step closer to salvation, as a potential buyer for the fabled German circuit has emerged.
The well-connected Frankfurter Allgemeine Zeitung newspaper (FAZ) said that the automobile club ADAC (Allgemeiner Deutscher Automobil-Club) has submitted a non-binding offer.
ADAC, usually linked only to Germany’s other Formula 1 host Hockenheim, stepped in this year amid the Nurburgring’s financial troubles to host the 2013 race.
The FAZ newspaper estimated the value of the venue, including the fabled Nordschleife loop, at €100 million.
“With the non-binding offer,” confirmed ADAC spokesman Lars Soutschka, “we hope to gain access to the numbers and then we will decide how to proceed.” (GMM)
Subbed by AJN.