Daimler Chair Criticizes Bernie Ecclestone Real Hits Back At DFB Over Logo Dispute Telekom Cup Records Top Ratings On Sat.1 NFL Jets Owner Optimistic On Growth In U.K. ManU Preseason Tour Proving Lucrative Univ. Guadalajara Finalizes Broadcast Deal Protestors Attack Israeli Football Team Crowdlending To Finance Nowitzki Doc Johnson, Penske Closing In On Deal Bremen Minister Hits Back At DFL
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
Upcoming Conferences and Events
SBD Global/April 10, 2014/Franchises
Gene Haas Will Go Into F1 Project Without NASCAR Partner Tony Stewart
Published April 10, 2014
A COSTLY ENDEAVOR: The last time the FIA admitted new teams was in ’10. Back then, a proposed U.S. team called USF1 was initially accepted but later removed as it was in no position to race. Starting and operating an F1 team needs a lot of planning and even more funding -- which is hard to come by without an official license. “I think there’s plenty of planning going on, so they are not flatfooted. But really until that license is granted, no financial commitments or any real commitments have been put forth,” Arning said. He added that if and when the FIA gives the green light, Haas will be ready to go. The FIA, which was expected to announce its decision on what teams will join F1 on Feb. 28, has delayed that decision indefinitely without giving a reason. Arning said that Haas is expecting word from the governing body at any time, but at the same time it is the FIA’s timeline and process.