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American firm weighing up Formula 1 entry PlanetF1 21/02/2021 © Getty Images Formula 1 SportsTek Acquisition Corporation are looking at a possible route into Formula 1, perhaps alongside Michael Andretti. Autoweek report the co-chairman of the SportsTek Acquisition Corporation, Tavo Hellmund, has told them Formula 1 is one of the possible projects the company are considering. The newly-founded organisation will specialise in acquiring or partnering existing sports franchises. “The company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses,” read a press release from the NASDAQ stock exchange. “Although the company’s efforts to identify a prospective business combination opportunity will not be limited to a particular industry, it intends to focus on a target within the sports and related sectors including sports franchises, media,

Stefano domenicaliTavo hellmundAndretti autosportMichael andrettiSportstek acquisition corporationGetty images formulaTek acquisition corporationஆண்ட்ரெட்டி ஆட்டோஸ்போர்ட்மைக்கேல் ஆண்ட்ரெட்டிகெட்டி படங்கள் சூத்திரம்டேக் கையகப்படுத்தல் நிறுவனம்