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'''Carl Tavo Hellmund''' (born February 24, 1966 in Austin, TX), a [[United States|American]] former racing driver and |
'''Carl Tavo Hellmund''' (born February 24, 1966 in Austin, TX), is a [[United States|American]] former racing driver and [[Midget car racing]] promoter. <ref>http://www.statesman.com/news/local/austin-f1-promoter-has-globe-guessing-779413.html?printArticle=y</ref> |
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Hellmund's father, Gustavo Hellmund-Rosas, was a racing promoter as well, having promoted the [[Gran Premio de México]] in 1980 and 1981. Tavo, a native of Austin, Texas, competed in the [[British Formula Three Championship]] in 1995 and 1996<ref>[http://www.driverdb.com/drivers/2777/career/ Tavo Hellmund], ''Driver Database'', Retrieved 2010-08-22</ref> and won races in [[FIA]], [[ |
Hellmund's father, Gustavo Hellmund-Rosas, was a racing promoter as well, having promoted the [[Gran Premio de México]] in 1980 and 1981. Tavo, a native of Austin, Texas, competed in the [[British Formula Three Championship]] in 1995 and 1996<ref>[http://www.driverdb.com/drivers/2777/career/ Tavo Hellmund], ''Driver Database'', Retrieved 2010-08-22</ref> and won races in [[FIA]], [[K&N Pro Series West]] and [[SCCA]] sanctioned events, including the [[K&N Pro Series West]] race at [[Laguna Seca]] in 2001.<ref>[http://www.racingwest.com/drivers/tavo-ct-hellmund/ Tavo (CT) Hellmund], ''Racing West'', Retrieved 2010-08-22</ref> As a promoter, he has been involved with [[United States Auto Club|USAC]] National Midge Series. |
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His relationship with [[Bernie Ecclestone]] (CEO of [[Formula One Management]] and [[Formula One Administration]]) has spanned nearly 40 years, knowing him as a young boy |
His relationship with [[Bernie Ecclestone]] (CEO of [[Formula One Management]] and [[Formula One Administration]]) has spanned nearly 40 years, knowing him as a young boy. However, the relationship is questionable today as a result of [[Bernie Ecclestone]] rescinding a contract signed by the two men after Hellmund was found in breach of that contract. <ref>http://www.dailymail.co.uk/sport/formulaone/article-2062325/United-States-F1-Grand-Prix-set-dropped--Bernie-Ecclestone.html?ito=feeds-newsxml</ref> |
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In July 2010, Hellmund announced he had signed a deal with [[Formula One]] in April to return the United States Grand Prix to the F1 schedule in [[2012 Formula One season|2012]]. Hellmund's investors, including [[Red McCombs]] and Bobby Epstein of Prophet Capital are building a new track outside of Austin, Texas that is being engineered by [[Herman Tilke]] and Peter Wahl. |
In July 2010, Hellmund announced he had signed a deal with [[Formula One]] in April to return the United States Grand Prix to the F1 schedule in [[2012 Formula One season|2012]]. Hellmund's investors, including [[Red McCombs]] and Bobby Epstein of Prophet Capital are building a new track outside of Austin, Texas that is being engineered by [[Herman Tilke]] and Peter Wahl. The investors' track will have significant elevation changes and be a more traditional grand prix track <ref>[http://www.formula1.com/news/headlines/2010/9/11198.html], "''Formula 1''", Retrieved 2010-09-01</ref> as opposed to the characteristically wide and flat curves featured on other modern Tilke tracks.<ref>[http://www.thesportreview.com/tsr/2010/08/tavo-hellmund-promises-amazing-us-grand-prix-venue/], "''The Sport Review''", Retrieved 2010-8-12</ref> |
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In June 2011, it was reported that Hellmund was in breach of his contract with [[Formula One Management]] <ref>http://www.dailymail.co.uk/sport/formulaone/article-2062325/United-States-F1-Grand-Prix-set-dropped--Bernie-Ecclestone.html?ito=feeds-newsxml</ref>. Before Hellmund was found in breach and his contract with [[Formula One Management]] was rescinded, there were media reports stating Hellmund was offered a $39 million buyout. <ref>http://www.racintoday.com/archives/31639</ref> Hellmund never denied this, he merely sidesteped the claim. <ref>http://www.racintoday.com/archives/31639</ref> |
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In June 2011, construction stopped amid rumors that the project was underfunded. Later it was reported that the project was in breach of their contact with Formula 1 and an apparent rift between Hellmund and investor Bobby Epstein came to light. A buyout of one party or the other was reported.<ref>[http://www.autoweek.com/article/20111114/FREE/311149999], "''Autoweek''", Retrieved 2011-11-14</ref> |
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On December 7, 2011 a new deal was agreed to between [[Bernie Ecclestone]] (CEO of [[Formula One Management]], [[Red McCombs]] and Bobby Epstein. <ref>http://articles.boston.com/2011-12-07/sports/30486854_1_texas-race-bernie-ecclestone-jenson-button </ref> |
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Hellmund for his part accomplished what no one in the history of American motorsports had; secured State funding, F1, MotoGP, V8 Supercars - all before construction of the facility is complete. In July, it became clear that investor Epstein reportedly wanted to call the shots.<ref>[http://www.autoweek.com/article/20111116/FREE/111119900], "''Autoweek''", Retrieved 2011-11-16</ref> |
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Hellmund's has no role with F1USGP or Circuit of the Americas. His claim of having a title with USGP is false; the entity does not exist. |
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For reasons not clear at the time, people wondered why Epstein (who had reportedly claimed he had the money to satisfy the projects financial agreements to F1) had not sent the money weeks or months earlier to Formula 1. On November 17, 2011, the Texas State Comptroller, in an interview with a local newspaper, stated that the problems with the F1 project were "not a Tavo problem, it's really an investor problem." <ref>[http://www.statesman.com/blogs/content/shared-gen/blogs/austin/racing/entries/2011/11/17/combs_joins_list_of_austin_f1.html?cxntfid=blogs_formula_austin], "''Austin American Statesman''", Retrieved 2011-11-17</ref> Later that day in a press conference, Hellmund told reporters that the problem that plagued the project was money and that the F1 contract had been terminated for failure to pay F1 the sanctioning fee in a timely fashion. It was obvious that he was not giving all of the details as to what was really going on with the partnership.<ref>[http://austin.culturemap.com/newsdetail/11-17-11-23-29-why-formula-1-failed-tavo-hellmund-bernie-ecclestone-and-the-clash-of-super-rich-egos/], "''Culture Map Austin''", Retrieved 2011-11-17</ref> |
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On November 24, 2011, Epstein escalated his public showdown with Bernie Ecclestone and Formula 1,<ref>[http://www.autoweek.com/article/20111126/FREE/111129948], "''Autoweek''", Retrieved 2011-11-26</ref> and on November 28, Ecclestone gave an exclusive interview where he said what many suspected, but Hellmund would not directly say at his press conference; that Epstein and McCombs were "stealing the project" from Hellmund <ref>[http://www.autoweek.com/article/20111128/F1/111129932], "''Autoweek''", Retrieved 2011-11-28</ref> |
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On December 7, 2011 a new deal was agreed to with Formula 1.<ref>[http://www.autoweek.com/article/20111207/FREE/111209913], "''Autoweek''", Retrieved 2011-12-07</ref> From the currently available information, Hellmund remains a founding parnter and the Chairman of the F1 USGP. |
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==References== |
==References== |
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Revision as of 17:36, 14 February 2012
Carl Tavo Hellmund (born February 24, 1966 in Austin, TX), is a American former racing driver and Midget car racing promoter. [1]
Hellmund's father, Gustavo Hellmund-Rosas, was a racing promoter as well, having promoted the Gran Premio de México in 1980 and 1981. Tavo, a native of Austin, Texas, competed in the British Formula Three Championship in 1995 and 1996[2] and won races in FIA, K&N Pro Series West and SCCA sanctioned events, including the K&N Pro Series West race at Laguna Seca in 2001.[3] As a promoter, he has been involved with USAC National Midge Series.
His relationship with Bernie Ecclestone (CEO of Formula One Management and Formula One Administration) has spanned nearly 40 years, knowing him as a young boy. However, the relationship is questionable today as a result of Bernie Ecclestone rescinding a contract signed by the two men after Hellmund was found in breach of that contract. [4]
In July 2010, Hellmund announced he had signed a deal with Formula One in April to return the United States Grand Prix to the F1 schedule in 2012. Hellmund's investors, including Red McCombs and Bobby Epstein of Prophet Capital are building a new track outside of Austin, Texas that is being engineered by Herman Tilke and Peter Wahl. The investors' track will have significant elevation changes and be a more traditional grand prix track [5] as opposed to the characteristically wide and flat curves featured on other modern Tilke tracks.[6]
In June 2011, it was reported that Hellmund was in breach of his contract with Formula One Management [7]. Before Hellmund was found in breach and his contract with Formula One Management was rescinded, there were media reports stating Hellmund was offered a $39 million buyout. [8] Hellmund never denied this, he merely sidesteped the claim. [9]
On December 7, 2011 a new deal was agreed to between Bernie Ecclestone (CEO of Formula One Management, Red McCombs and Bobby Epstein. [10]
Hellmund's has no role with F1USGP or Circuit of the Americas. His claim of having a title with USGP is false; the entity does not exist.
References
- ^ http://www.statesman.com/news/local/austin-f1-promoter-has-globe-guessing-779413.html?printArticle=y
- ^ Tavo Hellmund, Driver Database, Retrieved 2010-08-22
- ^ Tavo (CT) Hellmund, Racing West, Retrieved 2010-08-22
- ^ http://www.dailymail.co.uk/sport/formulaone/article-2062325/United-States-F1-Grand-Prix-set-dropped--Bernie-Ecclestone.html?ito=feeds-newsxml
- ^ [1], "Formula 1", Retrieved 2010-09-01
- ^ [2], "The Sport Review", Retrieved 2010-8-12
- ^ http://www.dailymail.co.uk/sport/formulaone/article-2062325/United-States-F1-Grand-Prix-set-dropped--Bernie-Ecclestone.html?ito=feeds-newsxml
- ^ http://www.racintoday.com/archives/31639
- ^ http://www.racintoday.com/archives/31639
- ^ http://articles.boston.com/2011-12-07/sports/30486854_1_texas-race-bernie-ecclestone-jenson-button