Investment Group Interest In Formula 1 Team May Result In 2 US Entries In 2016

Promoter Tavo Hellmund and financier James Carney head US-based investment group looking to buy a Formula 1 team.

There’s a good chance that North America will have two, not one, Formula 1 teams on the grid in 2016, Motorsport.com can reveal.

Gene Haas's plans for a Ferrari-affiliated team entry next year are well advanced, but a group of investors headquartered in the United States are actively attempting to buy an existing team in a bid to also join the grid.

The group is headed by New York financier James Carney, and Austin businessman Tavo Hellmund, who developed the Circuit of the Americas track and cut the deal with Bernie Ecclestone to bring F1 back to the country.

More recently, Hellmund has spearheaded the return of F1 racing to Mexico City after a 23-year absence, when the Mexican Grand Prix returns to the calendar at the renovated Autodromo Hermanos Rodriguez November 1.
 

Brooklands - 7/19/2015 11:09:50 AM

+1 Boost

Perhaps Ford Motor Company (FMC) should have it's own F1 team in the future?