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)

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