News Details

Hellmund: Brazil result led to Manor demise

– US-based Tavo Hellmund says that Manor falling out of the top 10 in the championship standings late last season ended his and his investors' hopes of acquiring the team.Manor occupied the financially-beneficial 10th place across the bulk of last year, but slipped behind Sauber at the penultimate round in Brazil, and ultimately finished at the foot of the 11-team standings.Manor owner Stephen Fitzpatrick confirmed in Abu Dhabi that the team had agreed terms with an investor, believed to be Hellmund, who was behind the revival of Grands Prix in the US and Mexico.However, the deal eventually fell through, while another potential sale to Asian investors did not reach a successful...
Full Story »
7y ago from GPUpdate.net 0
Share

You May Also Be Interested In...

Hellmund: We had agreed to terms to buy Manor

The rescue of Manor nearly happened according to businessman Tavo...
7y ago from GrandPrix247.com

Hellmund laments lost opportunities to rescue Manor

 XPB Images Long linked to a potential deal to bail out the...
7y ago from F1i.com

Manor collapse 'a failure of the F1 system' - Minardi

 XPB Images Former Formula One team owner Giancarlo Minardi has...
7y ago from F1i.com

Manor F1: Team fold after administrator fails to find...

The Manor team have collapsed after administrators failed to find a buyer...
7y ago from BBC.co.uk

Elsewhere On The Network

Popular On MGPToday.com

Aldeguer signs two-year MotoGP deal with Ducati for...

Fermín Aldeguer will make the step up to MotoGP in 2025, having agreed a...
12h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Lundqvist: CGR resources are ‘everything I could...

Linus Lundqvist is one of three rookies contesting the entirety of the...
13h ago from MotorsportWeek.c...

Consistency a top priority for Ericsson at ‘up and...

As Marcus Ericsson enters his sixth year racing in the NTT IndyCar Series,...

Popular On TotalWRC.com

Kenjiro Shinozuka, 1948–2024

Kenjiro Shinozuka, the 1997 Paris–Dakar Rally victor and 2× World Rally...

Popular On GunnersToday.com

Premier League Team of the Season so far - Haaland,...

Sports Mole selects its Premier League Team of the Season so far,...
7h ago from SportsMole.co.uk

Man City to face Real in CL quarter-finals while...

Manchester City will face Real Madrid in the Champions League...
6h ago from SkySports.com

Win £750,000: The Super 6 March Rollover

No winner of the Super 6 March Rollover so far means a massive...
6h ago from SkySports.com

Arsenal, Liverpool, Manchester City 'in contention to...

Premier League giants Arsenal, Liverpool and Manchester City are all...
5h ago from SportsMole.co.uk

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.