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 »
8y 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...
8y ago from GrandPrix247.com

Hellmund laments lost opportunities to rescue Manor

 XPB Images Long linked to a potential deal to bail out the...
8y ago from F1i.com

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

 XPB Images Former Formula One team owner Giancarlo Minardi has...
8y 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...
8y ago from BBC.co.uk

Elsewhere On The Network

Popular On MGPToday.com

Jack Miller tops the timesheets in mixed opening...

The MotoGP grid was in a mixed order after the first practice session in...
20m ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Ryan Hunter-Reay joins Arrow McLaren for 2026 Indy 500

Arrow McLaren has announced that veteran Ryan Hunter-Reay will join the...
20h ago from MotorsportWeek.c...

RLL locks in Louis Foster with extended IndyCar...

Rahal Letterman Lanigan Racing has announced an extension to its contract...

AJ Foyt Racing expands veteran support program to full...

AJ Foyt Racing has announced that its successful Homes For Our Troops...

Popular On TotalWRC.com

Oliver Solberg lands factory Toyota Rally1 drive

We called it after Oliver Solberg clinched his WRC2 title in Chile....

Popular On GunnersToday.com

Arsenal player reveals 'difficult' face-to-face...

Arsenal defender Jakub Kiwior, currently on loan at Porto, has spoken out...
30m ago from CaughtOffside.com

'People's opinion about us changes like the weather' -...

Arsenal star Bukayo Saka has shared his thoughts on potentially winning...
2h ago from SportsKeeda.com

Chelsea to get opportunity to hold talks over...

Chelsea will soon get an ideal opportunity to hold talks with Barcelona...
10m ago from CaughtOffside.com

Arsenal lads on the scoresheet for England + fun times...

Morning all, and happy Friday to you. England beat Serbia 2-0 at Wembley...
3h ago from Arseblog.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.