Concert promoter Live Nation announced the sale of its Motor Sports division to Feld Entertainment Inc. for $205 million. Feld paid $175 million in cash with an additional $30 million to be paid according to a performance agreement.

Vienna, Va.-based Feld is a producer of live touring events, ranging from circuses to ice skating shows. The acquisition allows Feld Entertainment Motor Sports division to exploit additional live truck and motorcycle events.

Beverly Hills-based Live Nation said in a statement that it would use the net proceeds from the sale to repay borrowings and to invest in its core music business.

This latest round of sell-offs comes on the heels of Live Nation divesting all of its North American theatrical business, its sports representation business and its San Francisco office building, among other non-core venues.

Since 2006, Live Nation has sold assets with a total aggregate sale price of more $465 million, according to a company statement.