The assets of Nürburgring GmbH have officially gone up for sale and the company is currently accepting offers.

The assets of Nürburgring GmbH have officially gone up for sale and the company is currently accepting offers.

Among the items up for bid are the Nordschleife, the Grand Prix track, the Eifeldorf hotel and a four-star hotel which is likely the Congress or the Dorint. The properties can be bought individually or as a package deal.

While it's sad to think that the Nürburgring might be changing, restructuring director Prof. Dr. Thomas B. Schmidt said "This will benefit not only the employees, but also the people and businesses throughout the region."

Despite having a rough few years, the Nürburgring is reportedly profitable as the press release indicates positive cash flows and revenues of up to €60 ($77.3) million per year.

Bids will be accepted through June 12th and the assets are expected to fetch more than €120 ($154.7) million.

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