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

Popular On IndyCarToday.com

Abel ends Indy 500 entry hopes, cites funding as cause

Abel Motorsports will not be fielding a car in this year’s Indianapolis...

American flag livery returns for AJ Foyt Indy 500 entry

AJ Foyt Racing announced Wednesday that it is bringing its popular...

Popular On TotalWRC.com

Popular On GunnersToday.com

Arsenal, Man United and Chelsea keeping tabs on...

Arsenal, Chelsea and Manchester United have been linked with a move for...
2h ago from CaughtOffside.com

Arsenal rate PL winger highly but rivals are confident...

Arsenal are reportedly one of the clubs interested in a potential transfer...
2h ago from CaughtOffside.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.