Ecclestone doubts that Haas can afford Formula 1 project

Gene Haas with Tony Stewart

Gene Haas with Tony Stewart

F1 supremo Bernie Ecclestone does not think that multimillionaire NASCAR team owner Gene Haas can afford to enter Formula 1 in 2015.

Haas, with an estimated net worth of $740 million, announced recently that he has responded to the FIA’s ‘call for expressions of interest’ in filling the vacant slot in pitlane.

Haas co-owns the NASCAR team Stewart-Haas, heads one of the best wind tunnels in the world, and according to Auto Motor und Sport he would start in Formula 1 with a healthy three-digit million budget.

But Formula 1 chief executive Ecclestone told Racer that he thinks it “most unlikely” that Haas will enter Formula 1, because of the sport’s huge costs.

[Haas and his team] have been talking about it for three years,” Formula 1 business journalist Caroline Reid quoted Ecclestone as saying.

“Somebody can have 10 billion in the bank but it doesn’t mean they are going to spend it.” (GMM)

Subbed by AJN.

Reports on GrandPrix247.com by: staff & contributors, Reuters syndication, GMM service, Formula 1 teams, sponsors & organisations.