The Manor F1 team has emerged as a potential target for American businessman Tavo Hellmund, known as the promoter behind the US and Mexico Grand Prix.
The news comes just a week after the announcement that John Booth and Graeme Lowdon will leave the team at the end of the year. However it remains to be seen whether current owner, Stephen Fitzpatrick, is open to selling the squad, which has secured a supply of Mercedes engines and a technical partnership with Williams for next season.
Hellmund spoke with the Austin American-Statesman: “I think if we get to late January or February, it may be too late, and my partners and I would probably lose interest.”
“It would never be our goal to compete with the manufacturer teams. We’re never going to spend $440 million a year like Mercedes, Red Bull, Ferrari and McLaren, but we think you can run it respectably and not be in the red. I think you can fight for fifth.”
If a bid from Hellmund and his partners was successful, he has indicated that he would be interested in signing experienced NASCAR driver Dale Earnhardt Jr, reports Autosport.