Menu
Finance

Tavo Hellmund Favorite To Complete Manor F1 Takeover

Tavo Hellmund, the man who "helped resurrect" the U.S. and Mexican Grands Prix, has "emerged as the favourite to complete a takeover of the Manor Formula 1 team," according to Franco Nugnes of MOTORSPORT. The Mexican-American, who helped lead the Austin project and worked with Mexicans on their race, is "understood to have teamed up with Texan investors for a planned purchase of the Manor outfit." He has been "talking to the team for more than one year now to get the deal across the line." Current Manor Owner Stephen Fitzpatrick admitted at the season-closing Abu Dhabi Grand Prix that he had "agreed terms with an unidentified party for a sale of his outfit -- which could go ahead in the next few weeks." Hellmund is a long-time friend of F1 CEO Bernie Ecclestone, so he is "likely to have the F1 supremo's blessing for the deal." And although Manor lost 10th place in the constructors' championship to Sauber, thanks to Felipe Nasr's points finish in Brazil, "it is not thought that has had any impact on Hellmund's plans for Manor." If Hellmund's deal is completed, then Fitzpatrick is "expected to stay on board in some role" (MOTORSPORT, 12/5).

SBJ Morning Buzzcast: May 17, 2024

Brazil's big win; Leonsis looks for scale; breaking down the big categories for Sports Business Awards and remembering Eddie Gossage

NASCAR’s Brian Herbst, NFL Schedule Release, Caitlin Clark Effect

On this week’s pod, SBJ’s Austin Karp chats with our Big Get, NASCAR SVP/Media and Productions Brian Herbst. The pair talk ahead of All-Star Weekend about how the sanctioning body’s media landscape has shaped up. The Poynter Institute’s Tom Jones drops in to share who’s up and who’s down in sports media. Also on the show, David Cushnan of our sister outlet Leaders in Sport talks about how things are going across the pond. Later in the show, SBJ media writer Mollie Cahillane shares the latest from the network upfronts.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2016/12/06/Finance/Tavo-Hellmund-Manor-F1.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2016/12/06/Finance/Tavo-Hellmund-Manor-F1.aspx

CLOSE