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Haas paid $20 million deposit for F1 team entry

Gene Haas Gene Haas proved his intent and seriousness about entering Formula 1 by paying a $20 million deposit. That is the claim of business journalist Christian Sylt, who told us the more than $20 million deposit was paid at Formula 1 chief executive Bernie Ecclestone's request. Ecclestone told Forbes at Silverstone that he said to FIA president Jean Todt: '‘You must see how honest they [Haas] are. Tell Haas to put a deposit down' and apparently they have.' US-based Haas, a Nascar team co-owner who for the Formula 1 project is already aligned with Ferrari, intends to make its debut in 2016, probably with at least one American at the wheel. The identity of that American could be...
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11mo ago from GrandPrix247.com 0
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