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American investor group interested in taking over F1 team
At a time when Formula 1 teams are struggling financially due to the corona crisis, it is always good news to hear that there are parties willing to invest in a team. This time the interest comes from America and they have two interesting teams in mind. Last week, the investor group Sportstek Acquisition Corporation went public. It is a 'company' that is purely and simply aimed at acquiring or buying itself into sports clubs. They are open to all kinds of sports, but there is a special connection with Formula 1. Read more Red Bull Racing launches special virtual event at unveiling of RB16B One of the founders of the group is Tavo Hellmund, who can be held responsible for the construction...
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3y ago from GPBlog.com
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