user icon

American investors looking to buy F1 team for 2016

  • Published on 02 Sep 2015 17:43
  • comments 1
  • By: Calle Nilsson

Haas might not be the only american team next year according to a report from motorsport.com. While Haas looks set to join the grid for sure in 2016, closely guided by italian veteran team Ferrari, U.S businessmen James Carney and Tavo Hellmund are looking for a team to purchase. And the team they apparently take most interest in is Manor.
 

2014 was the most successful year for Manor, formerly named Marussia. The team got their first 2 points in Monte Carlo when now late Jules Bianchi managed to finish in 9th place, ahead of both Caterhams, one McLaren and one Ferrari, resulting in a 9th place in the constructor's championship and a whopping £28 million in prize money should they remain for 2015. However, the team had always had scarce fundings, and when money finally ran out for the then russian team, they were unable to race in the final three events of 2014. Most of their equipment was sold to pay debts to their suppliers, and it looked like it was the end for Marussia. But then, irish businessman and 2014's 'entrepeneur of the year' Stephen Fitzpatrick bought and injected £30 million into the team, and with a new name of Manor Marussia, a modified version of their 2014 year's chassis and old Ferrari engines the team managed to survive and race for another season. *Marussia'  was still retained as part of their name so they could collect their prize money.

Despite heavy investment into the team, Fitzpatrick has stated that this is not a longterm project on his part, but just a way to give another potential buyer more time to close a deal. Little is known of what will become of Manor after this season, but their future might be dark if a buyer is not found. Tavo Hellmund, developer of Circuit the Americas in Austin, Texas, and one of the persons who helped bring back Mexico's Grand Prix, is well respected in the Formula 1 community, and together with James Carney he is supposedly seeking majority shares in Manor. If these reports are true, and if it could help Manor become competitive, remains to be seen.

Replies (1)

Login to reply
  • It's the old story coming again - ''how to become a millionaire in F1 - start as a Billionaire! They will come in with all guns blazing like Genii, and then get burned, and leave, even Richard Branson can't afford F1. I do wish them well though, but they got no hope without a major Manufacturer behind them, and even with that look at poor McLaren.

    • + 0
    • Sep 3 2015 - 13:17

BE Grand Prix of Belgium

Local time 

BE Grand Prix of Belgium

Local time 

Related news

World Championship standings 2021

Show full world champion standings

Test calendar

Bahrain International Circuit - Winter testing

See full test schedule

Give your opinion!

Will Bottas challenge Hamilton for the world championship in 2020?

Team profile

Show full profile

Formula 1 Calendar - 2021

Date
Grand Prix
Circuit
-
Bahrain
26 - Mar 28
Bahrain
16 - Apr 18
Italy
7 - May 9
Spain
21 - May 23
Monaco
4 - Jun 6
Azerbaijan
11 - Jun 13
Canada
25 - Jun 27
France
2 - Jul 4
Austria
16 - Jul 18
United Kingdom
30 - Aug 1
Hungary
27 - Aug 29
Belgium
3 - Sep 5
Netherlands
10 - Sep 12
Italy
24 - Sep 26
Russian
1 - Oct 3
Singapore
8 - Oct 10
Japan
22 - Oct 24
United States of America
29 - Oct 31
Mexico
5 - Nov 7
Brazil
19 - Nov 21
Australia
3 - Dec 5
Saudi Arabia
10 - Dec 12
United Arab Emirates
See full schedule

Formula 1 Calendar - 2021

Date
Grand Prix & Circuit
26 - Mar 28
16 - Apr 18
7 - May 9
21 - May 23
Monaco Monte Carlo
4 - Jun 6
Azerbaijan Baku City Circuit
11 - Jun 13
25 - Jun 27
France Paul Ricard
2 - Jul 4
Austria Red Bull Ring
16 - Jul 18
United Kingdom Silverstone
30 - Aug 1
Hungary Hungaroring
27 - Aug 29
3 - Sep 5
Netherlands Circuit Zandvoort
10 - Sep 12
Italy Monza
24 - Sep 26
Russian Sochi Autodrom
1 - Oct 3
8 - Oct 10
22 - Oct 24
United States of America Circuit of the Americas
29 - Oct 31
5 - Nov 7
Brazil Interlagos
19 - Nov 21
Australia Albert Park
3 - Dec 5
Saudi Arabia Jeddah Street Circuit
10 - Dec 12
United Arab Emirates Yas Marina Circuit
See full schedule
show sidebar