News Details

Hellmund: We had agreed to terms to buy Manor

The rescue of Manor nearly happened according to businessman Tavo Hellmund who led a consortium in a bid to takeover the struggling backmarker team, but all the efforts to save the team came to naught. Hellmund, a key figure in securing the United States Grand Prix in Austin, told F1i, “At one point we had agreed to terms. We made two stabs at it. We offered 22 million pounds a year and one-half ago. The first go-round, we were even going to involve Anthony Hamilton, Lewis’ dad.' “We were looking to form a partnership with one of the big manufacturers, Mercedes or Honda. We had conversations with both. That way you can get motors — discounted motors — and get a driver.' Hellmund...
Full Story »
8y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

How to bet on Formula 1

While NASCAR may be the most popular form of motor racing in the United...
8y ago from PlanetF1.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 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

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

 XPB Images Former Formula One team owner Giancarlo Minardi has...
8y ago from F1i.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Alex Palou responds to McLaren court ruling

Alex Palou has been ordered to pay McLaren Racing over $12 million...
16h ago from MotorsportWeek.c...

McLaren wins contract breach suit against Alex Palou

McLaren has prevailed in its lawsuit against star IndyCar driver Alex...
18h ago from MotorsportWeek.c...

Popular On TotalWRC.com

Solberg sensational in the snow (and slush, and rain)

Oliver Solberg and Elliot Edmondson, making their debut as full-time...
12h ago from MotorsportWeek.c...

Popular On GunnersToday.com

Arsenal hold talks to discuss move to sign...

Arsenal are investigating a move for former Manchester City star Julian...
24m ago from SportsKeeda.com

Mikel Arteta tells these Arsenal players 'they have to...

Arsenal manager Mikel Arteta has explained that his bigger squad this...
8h ago from CaughtOffside.com

Arsenal and Man United exploring move for...

Arsenal and Manchester United are reportedly exploring a potential move...
8h ago from CaughtOffside.com

Carrick's Man Utd aiming to 'prove' themselves as...

Manchester United head coach Michael Carrick is relishing the opportunity...
8h ago from SkySports.com

Comments

Hottest News

Adrian Newey 'furious' about latest FIA ruling

F1 design legend Adrian Newey has reportedly been... Read More »
10h ago from GPFans.com

2026 Daytona 24 Hours start time today

The Daytona 24 Hours takes place today! Here is... Read More »
1h ago from RacingNews365.com

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.