Haas proves to be serious by paying '$20m deposit' for F1 entry

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 Rossi, who has now left Caterham as a F1 test and GP2 driver. "We have a great opportunity to grow the sport in the States," he said on Wednesday, "and I believe the timing is perfect. I'm also very pleased to see an American F1 entry, Haas Formula, with plans to join the F1 grid in 2016," Rossi added. (GMM)

Replies (0)

Login to reply

AZ Azerbaijan Grand Prix

Local time 

AZAzerbaijan Grand Prix

Local time 

Test calendar

See full test schedule

World Championship standings 2025

Show full world champion standings

Related news

Give your opinion!

Will Bottas challenge Hamilton for the world championship in 2020?

Formula 1 Calendar - 2026

Date
Grand Prix
Circuit
-
Spain
-
Bahrain
-
Bahrain
See full schedule

Formula 1 Calendar - 2026

Date
Grand Prix & Circuit
See full schedule

Driver profile

  • Team -
  • Points -
  • Podiums -
  • Grand Prix -
  • Country United States of America
  • Date of b. Sep 25 1991 (34)
  • Place of b. Auburn, California, United States of America
  • Weight 70 kg
  • Length 1.86 m
Show full profile

Team profile

Show full profile
show sidebar