Haas paid $20 million deposit for F1 team entry

Gene Haas

Gene Haas

Gene Haas proved his intent and seriousness about entering Formula 1 by paying a $20 million deposit.

So says business journalist Christian Sylt, who told us that the more than $20 million deposit was paid at Formula 1 Chief Executive Bernie Ecclestone’s request.

Ecclestone told Forbes at Silverstone that he said to FIA president Jean Todt: “‘You must see how honest [Haas] are. Tell Haas to put a deposit down’ and apparently they have.”

US-based Haas, a NASCAR team co-owner who for the Formula 1 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 Formula 1 test and GP2 driver.

“We have a great opportunity to grow the sport in the States,” he said on Wednesday, “and I believe that the timing is perfect.

“I’m also very pleased to see an American Formula 1 entry, Haas Formula, with plans to join the Formula 1 grid in 2016,” Rossi added. (GMM)