Germany's famed Nürburgring racetrack has needed a new owner for some time. Under local government control, the Ring has fallen some 400 million euros into public debt, forcing it into bankruptcy while still keeping its gates open.
Last week we reported on the prospect that one of Germany's major automakers could take over the complex, and noted that ADAC - Europe's largest automobile club and one of the largest in the world - was also in contention. And now it seems that ADAC is preparing to take it over.
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