Tavo Hellmund has revealed that his £22m ($27m) bid for the Manor F1 team was rejected. While Manor managed a Houdini-like escape at the end of 2014, having been, along with Caterham, essentially declared dead and buried, it doesn't appear that Lady Luck will look down on the Banbury-based outfit for a second time. Tavo Hellmund, the driving force behind the creation of the Circuit of the Americas and returning F1 to the United States and Mexico, has revealed that his attempt to purchase the team was rejected. Indeed, the American, a lifelong friend of Bernie Ecclestone, admits that he had been attempting to buy the team for eighteen months. 'At one point we had agreed to terms,' he...
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