Gene Haas proved his seriousness about entering formula one by paying a $20 million deposit. That is the claim of F1 business journalist Christian Sylt, who told us the "more than $20m" deposit was paid at F1 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 F1 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 Californian Alexander...
Full Story »