The iconic racetrack could be yours for a cool $160 million, but you may have a bit of a tough time keeping it profitable.
Autoweek reports on the sale, which had originally attracted around 50 buyers, but has now dropped down to between five and ten prospective bidders. The report notes that the track is unlikely to be made entirely private, but there are issues relating to the ongoing administration costs of the venue. Speaking to Bridge To Gantry, the lead of the Save The Ring site, Mike Frison detailed the exact concerns:
The highest bidder buys the Ring and maximizes his profits to justify the investment. Grass root motorsport will disappear (it’s not earning real money) as well as local companies. Their services will be routed through the new Ring owner’s monopoly. We have seen clear tendency of that in the Richter/Lindner era over the last 2 years.
Accessibility and track time will only be a question of money, all events we know today are at risk. Especially the tourist drives, which are an old dinosaur from the past. From day one to be precise and it would be such a loss. You couldn’t blame a private host to turn away from that, but for the atmosphere and the region it would be a disaster. Things which aren’t top priority for investors.
So, if you’ve got a cool $160 million dollars you’re not doing anything with, and a passion for motorsport, you know what you should do.