Manor News

Hellmund talks on rejected £22m Manor bid

Tavo Hellmund has spoken for the first time about his attempts to purchase the Manor Racing team over the last couple of years, which included a £22m bid which was rejected.

The promotor, instrumental in bringing Formula One back to the United States by creating the Circuit of the Americas in Austin, and then later helping to bring the sport back to Mexico, has revealed what happened in his attempted purchase of the back of the field team in an interview with the Austin Statesman.

“At one point we had agreed to terms,” he confirmed, which included a group of investors from Florida, Canada and Mexico.

“They all had their different reasons for wanting to invest,” and revealed, “The first go-round, we were even going to involve Anthony Hamilton, Lewis’ dad.”

He confirmed there were two offers, the first “We offered 22 million pounds a year and one-half ago.”

This was the only interest in the team, GP2 driver Sean Galena’s father Ricardo, Ron Dennis and even Andretti Autosport had looked into purchasing the team.

With interest growing in buying the team last season, Hellmund said of the second attempt “They were starting to come to our terms, and then Brazil happened.” With points coming from Pascal Wehrlein at Austin, the team were ahead of Sauber in the championship which would have given them an extra $34m, but were pipped to the post in Brazil with a ninth place for Felipe Nasr.

Hellmund said he would have partnered with a manufacturer to develop talent, which ironically could have seen Felipe Nasr placed at the team, bringing in the finance needed along with a tech grant from the UK government.

About the author

Ashley Quint

Ashley founded the Purple Sector website back in 2012, later renamed to SpeedMajor which now covers both Formula 1 and Formula E. As well as writing on Formula 1, Ashley also works within the world of luxury travel and was a finalist in the Aspire Travel Trade Writer of the Year competition in 2013.

Add Comment

Click here to post a comment