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SBD Global/January 27, 2014/People and Pop Culture
Names In The News
Published January 27, 2014
PUTTING THE BRAKES ON: F1 CEO BERNIE ECCLESTONE said the new F1 team proposed by NASCAR team co-Owner GENE HAAS is “most unlikely” to get the green light "due to the high costs of entering the sport." In December, "the FIA opened a tender for a 12th team to join from 2015." Last week, Haas, joint owner of NASCAR's Stewart-Haas Racing, announced that "he had made an application." However, Ecclestone said, “They have been talking about it for three years. Two or three people there. I would say it is most unlikely.” Haas is also the founder of engineering firm Haas Automation, which has an annual revenue of around $1B. Ecclestone: "It's no good proving someone has got the money. Somebody can have 10 billion in the bank but it doesn't mean they are going to spend it" (RACER, 1/23).