American investors will be interested in the sports team

American investors will be interested in the sports team

Alfa Tauri presented the car for the 2021 season.

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Austin (USA) – At a time when some Formula 1 teams are experiencing financial difficulties, it is good news to know that there are parties willing to invest in a team. Last week on Friday (19.2) a group of United States investors (Sportstake Acquisition Corporation) went public. It is a company intended to acquire purely and simply sports clubs. They are open to all types of sports, but have a special connection to Formula One. One of the founders of the group is Tavo Hellmund (he is one of the people responsible for building the Americans’ Circuit in Austin, Texas).

He showed interest in the Formula 1 team. Years ago, he tried to charge. This was in 2015, when the Manor F1 team had a problem. For the special magazine “Autoweek” he said that interest still exists. He also said that he would like to work with one of the other parties interested in taking control of the manor at the time: American racing hero and indie team owner Michael Andretti.

“Ever since he hung up his helmet, Michael has proven that he owns a world-class team. F1 will be better with him, no doubt,” Helmund said. Which teams will be hidden: Alfauri and Sauber Alfa Romeo.

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Ricardo Barci – content Editor

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Sarah Gracie

About the author: Sarah Gracie

Sarahis a reporter covering Amazon. She previously covered tech and transportation, and she broke stories on Uber's finances, self-driving car program, and cultural crisis. Before that, she covered cybersecurity in finance. Sarah's work has appeared in The Wall Street Journal, Bloomberg, Politico, and the Houston Chronicle.

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