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 »
9y 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...
9y ago from GrandPrix247.com

Hellmund laments lost opportunities to rescue Manor

 XPB Images Long linked to a potential deal to bail out the...
9y ago from F1i.com

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

 XPB Images Former Formula One team owner Giancarlo Minardi has...
9y 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...
9y ago from BBC.co.uk

Elsewhere On The Network

Popular On MGPToday.com

Pirelli director reveals who covers tyre costs in...

Pirelli has revealed the negotiations that have allowed the manufacturer...

Popular On IndyCarToday.com

IndyCar drivers praise design of ‘awesome’ new...

IndyCar unveiled the design of its new 2028 chassis on Tuesday, showing...

IndyCar shows off first new chassis design in over a...

The NTT IndyCar Series showed images of its new chassis for the first...

Popular On TotalWRC.com

Popular On GunnersToday.com

Arteta wants ‘better individuals' to go to the...

Morning all. Arsenal are currently on a training camp in Spain, ahead of...
39m ago from Arseblog.com

Possible boost for Arsenal as one imminent transfer...

Inter Milan's imminent move to sign John Stones could reportedly put...
29m ago from CaughtOffside.com

Barcelona and Arsenal suffer blow as target suffers...

Barcelona and Arsenal target Eli Junior Kroupi has undergone surgery for a...
2h ago from SportsKeeda.com

Merson: Chelsea need experience - but Welbeck needs to...

In his latest Sky Sports column, Paul Merson gives his take on Chelsea's...
9m ago from SkySports.com

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.