Haas To Be Confirmed As New Formula One Team On Friday Says Ecclestone

Apr 10 2014, 6:14pm CDT | by

Formula One boss Bernie Ecclestone has revealed that official confirmation will be given on Friday that a new team owned by American businessman Gene Haas will be allowed to join the race series next year.

Last week Mr Ecclestone told Britain’s Independent newspaper that he thought the team would be accepted but Mr Haas is still waiting for formal confirmation from F1’s governing body the Fédération Internationale de l’Automobile (FIA).

“We haven’t been notified by the FIA, but Bernie is kind of half [of] Formula One, so I’m sure what he says goes,” said Mr Haas at the Texas Motor Speedway on Sunday. He won’t have to wait much longer.

“Haas has been accepted,” Mr Ecclestone told Forbes. “The FIA has accepted him for sure. It is done. They are going to put that out tomorrow.” It is unclear whether the confirmation will be publicly available or whether it will just be communicated to Mr Haas but, either way, it will put his mind to rest.

In December the FIA opened a tender for a 12th F1 team and Mr Haas filed an application. The following month Mr Ecclestone told Racer magazine that Mr Haas has “been talking about it for three years,” and although a decision about the new team was due to be made on 28 February this was delayed until an unknown date. It has kept Mr Haas on the edge of his seat.

“We needed to know about two months ago,” Mr Haas told the Associated Press on Sunday. “If Mr. Ecclestone says that we’re accepted and the FIA issues us some kind of notice in the next few weeks, then we can entertain 2015. But if we lose another month, I don’t think we could do it.”

Mr Haas is joint owner of NASCAR’s championship-winning Stewart-Haas Racing team and also founded engineering firm Haas Automation which has annual revenue of around $1 billion. It gives him the resources to fuel his F1 bid and he is already using it to attract top names as Guenther Steiner, a former technical director of four-time F1 champions Red Bull Racing, is understood to be involved.

Ecclestone was initially dismissive of the bid from Mr Haas and still says it could still become a bottomless pit. “A billion would last a new team owner four years,” he told the Independent last week.

The FIA’s decision to open the tender surprised F1 insiders as several of the existing teams are barely managing to keep their wheels turning. Budgets have accelerated in recent years and hit an estimated $211 million in 2013. Several drivers complained about not being paid last year and at the end of 2012 Spanish minnows HRT closed their doors leaving the 12th spot vacant.

When HRT joined F1 in March 2010 another American-based team, US F1, was also granted an entry but never made the grid after running into financial difficulties. There was so little interest in filling the 13th slot that the FIA formally closed the tender for it in September 2010.

Since then, interest in F1 in the United States has increased. It has been fuelled by the United States Grand Prix which made a successful return to the F1 calendar after a five year hiatus in 2012 at a new purpose-built facility in Austin, Texas.

In addition to the application from Haas, others are understood to have been filed by former HRT boss Colin Kolles and Stefan GP, a Serbian organisation that was bidding for an F1 entry in 2010. “We are looking at the other two but Haas has been accepted,” says Mr Ecclestone. “We are going to accept that Haas team.”

 
 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

IPad Air Giveaway 2014 is Online
IPad Air Giveaway 2014 is Online
Our sister site I4U News is giving away a brand new iPad Air or if you can wait an iPad Air 2. This is an $499 value.
 
 
Your Parent Or Kid Moved In: Are You Covered?
A record 57 million Americans now live in multigenerational family households — double the number in 1980, according to a new Pew Research Center study. And I bet many of them have the wrong homeowner’s or renters...
 
 
Pandora Looks to Challenge Terrestrial Radio's Dominance in Cars
Pandora Media is one of the largest Internet radio providers in the U.S. with more than 75 million active users. While the company’s active user count has increased at a robust pace historically, it is likely to slow...
 
 
Are General Manager Salaries About To Skyrocket? Will There Be A Front Office Salary Cap?
Are General Manager Salaries About To Skyrocket? Will There Be A Front Office Salary Cap?
It’s January 2026. New York Yankees owner Hal Steinbrenner gets out of his driverless car and triumphantly marches before the gathered press to introduce his prized new free agent. It’s a record-breaking contract—over...
 
 
 

Latest from the Network

Britney Spears 'fed up' of father's control
Los Angeles, Aug 22 (IANS) Singer Britney Spears is allegedly "fed up" of her father Jamie Spears controlling her finances. The 32-year-old's personal and professional affairs have been controlled by Jamie and Andrew...
Read more on Celebrity Balla
 
Taylor Swift 'horrified' to see John Mayer
Los Angeles, Aug 22 (IANS) Country musicianTaylor Swift was shocked to see her former boyfriend John Mayer at the same restaurant. The duo split in 2010 following a brief romance and the 24-year-old apparently didn't...
Read more on Celebrity Balla
 
Breastfeeding linked to lower risk of postnatal depression
London, Aug 22 (IANS) A new study involving 10,000 mothers has shown that women who breastfed their babies were at significantly lower risk of postnatal depression than those who did not. The study, by researchers in...
Read more on Apple Balla
 
Pakistan media flays India for axing talks
Islamabad, Aug 22 (IANS) Two Pakistani newspapers Friday denounced India's decision to call off talks between their foreign secretaries, saying it had dealt "a serious blow" to the bilateral peace process. "The...
Read more on Ad Balla
 
Amy Winehouse sculpture to be unveiled in London
London, Aug 22 (IANS) A sculpture to commemorate Amy Winehouse is to be unveiled at Camden market in north London, near the singer's last home. The memorial, which has been designed by Scott Eaton, will be a life-...
Read more on Celebrity Balla
 
Mariah Carey 'heartbroken' by split from husband?
Los Angeles, Aug 22 (IANS) Singer Mariah Carey is said to be "heartbroken" by her split from husband Nick Cannon. Cannon, the host of "America's Got Talent" has confirmed he and Carey have been living apart "for a few...
Read more on Celebrity Balla
 
Novel way to monitor drone's parametres
New York, Aug 22 (IANS) Drones are the future of home delivery and surveillance but to achieve this consistently, they will have to tackle high winds and other uncertainties like depletion of fuel. Now, researchers at...
Read more on Apple Balla
 
Justin Bieber pays $10,000 bill for pet monkey
Los Angeles, Aug 22 (IANS) Singer Justin Bieber has finally paid over $10,000 to cover the cost of caring for the pet monkey he abandoned in Germany last year. Bieber landed in trouble with authorities in Germany in...
Read more on Celebrity Balla
 
Lahiri looking forward to European Masters
Bern, Aug 22 (IANS) India's Anirban Lahiri could strengthen his position on the Asian Tour Order of Merit when the Omega European Masters returns to the scenic Crans-sur-Sierre Golf Club from Sep 4-7. The Omega...
Read more on Sport Balla
 
Moon soil charged by electric spark?
Washington, Aug 22 (IANS) High-energy particles from solar storms may have electrically charged the soil in the moon's frigid polar regions, altering its properties, a study suggests. This could change our...
Read more on Apple Balla