Tag Archive: Tavo Hellmund

Jul 23

Ecclestone confirms Mexico set for F1 return

Mexico has secured its return to the formula one calendar in 2015.

2012-04-12 - Sauber F1 Team - Visit Mexico The Mexico City-based events company CIE said in a filing with the country’s stock exchange that it has signed a five-year contract with the sport. Read the rest of this entry »

Aug 26

Mexico poised for 2014 GP return – Ecclestone

Bernie Ecclestone is poised to put Mexico back on the F1 calendar.

2012-04-12 - Sauber F1 Team - Visit MexicoHaving said New Jersey is unlikely to make its scheduled 2014 debut, the sport’s chief executive has now revealed a decision about Mexico is due “within a couple of weeks”. Read the rest of this entry »

Nov 16

Hellmund now pushing to revive Mexican GP

Hellmund plans to raise between $60-75 million

2012-04-12 - Sauber F1 Team - Visit MexicoThe former mastermind of this weekend’s US grand prix in Austin, Tavo Hellmund, now has his sights fixed on returning formula one to Mexico. Hellmund fell out spectacularly with the eventual Circuit of the Americas management, but he will be at the track this weekend and has some key meetings planned. Read the rest of this entry »

Oct 18

Austin still working to finish 2012 US GP venue

The Hermann Tilke-designed track is scheduled to host the 2012 US GP in exactly a month from now.

Circuit of the AmericasCircuit of the Americas - 2012-06-01 - 2Organisers of the first US grand prix since 2007 say the brand new Circuit of the Americas in Austin, Texas, is now almost ready to host a formula one race.

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Jun 10

End of legal action ‘bodes well’ for US GP

The US grand prix could get back on the right track now that a spate of legal action has ended.

Circuit of the AmericasFlagworld - F1The local Austin American Statesman newspaper reports that race founder Tavo Hellmund and the Circuit of the Americas’ new project leaders have settled a lawsuit.

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May 24

Backer says no doubts about 2012 Austin GP

The key backer of the scheduled 2012 US grand prix insists he remains committed to the Circuit of the Americas project.

Circuit of the AmericasFormula 1 United States Grand PrixConstruction in Austin, Texas, has continued amid raging local media speculation, as lawsuits are pending and questions are constantly asked about the viability of the project commenced by the now offside promoter Tavo Hellmund. Read the rest of this entry »

Mar 07

US GP on schedule despite latest setback

“Our focus remains positive.” – Circuit of the Americas

Circuit of the AmericasFormula 1 United States Grand PrixEven amid the latest speed-bump, organisers insist they are still on schedule to host Austin’s inaugural US grand prix late this year. Circuit of the Americas backer Bobby Epstein is being sued by race founder Tavo Hellmund, but he did not want to talk about it whilst giving the Culturemap Austin publication a tour of the construction site. Read the rest of this entry »

Mar 04

Founder Hellmund sues 2012 US GP

2012 US grand prix founder Tavo Hellmund is suing the Austin event’s backers.

Formula 1 United States Grand PrixCircuit of the AmericasThe latest speed-bump in the Circuit of the Americas project is Hellmund’s lawsuit against Bobby Epstein and Red McCombs, claiming he would have made $500,000 per year as chairman for the next decade. Read the rest of this entry »

Dec 22

Vertical construction begins in Austin

Work at the 2012 US grand prix venue in Austin is back at full swing, according to the motoring weblog Jalopnik.

“The crews are on site and construction of the Circuit of the Americas is underway.  I saw it with my own eyes,” wrote the reporter.

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Dec 08

Work resumes at 2012 US GP site in Texas

Construction of the 2012 US GP venue in Texas capital Austin is resuming.

Circuit of the AmericasFormula 1 United States Grand PrixWork at the Circuit of the Americas had been halted amid the dispute between event founder Tavo Hellmund, the track’s new management and financiers, and F1 chief executive Bernie Ecclestone.

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Dec 07

Ecclestone has received US GP cheque – backer

Preparations for the inaugural US grand prix in Texas are set to get back into gear.

Formula 1 United States Grand PrixCircuit of the AmericasThe FIA announced after Wednesday’s World Motor Sport Council meeting that the event is still scheduled to be held at the Circuit of the Americas in Austin next November.

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Nov 17

Austin off 2012 calendar ‘for sure’ – Ecclestone

Austin’s formula one project is close to collapse, with Bernie Ecclestone saying the event will fall off the 2012 calendar “for sure”.

Circuit of the AmericasFormula 1 United States Grand PrixWith the Texas state funding also in jeopardy and track construction halted, the main problem is a disagreement between Tavo Hellmund – who held the original race contract – and the separate company that is building the Circuit of the Americas.

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Nov 16

Construction halts as 2012 US GP crisis deepens

Austin’s formula one project continued to collapse this week, with news construction of the Circuit of the Americas has been halted.

Formula 1 United States Grand PrixCircuit of the AmericasBernie Ecclestone cast doubt on the health of the project last weekend in Abu Dhabi, prompting the Texas comptroller to question whether state funds should be released.

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Nov 13

Austin hits back at Ecclestone pessimism

The Circuit of the Americas has hit back at Bernie Ecclestone’s claim that Texas might fall off the 2012 calendar.

2011-06-09_0313“Austin?  I wouldn’t want to put my money down that that will happen,” the F1 chief executive said in Abu Dhabi.

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Oct 26

Ten year New York race deal confirmed

A ten year deal for a waterside American grand prix amidst the New York skyline was announced officially on Tuesday.

2011-06-26_0247New Jersey governor Chris Christie made the official announcement but the street race, to debut in mid 2013, will be privately funded, headed by Leo Hindery, a well-known American businessman and Le Mans class winner.

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