F1 newcomer USF1 has confirmed speculation that it has entered into a partnership with YouTube co-founder and CEO Chad Hurley, who will become the North Carolina-based outfit's 'primary investor' - though it remains unclear whether the multi-year arrangement includes sponsorship from the international video-sharing website itself.

It has been rumoured within the grand prix paddock for months that USF1 - which, along with Campos and Manor, will be one of three new teams to join the fray in 2010 - was close to inking a deal with YouTube, whose relationship with Bernie Ecclestone's Formula One Management (FOM) company has been well-documented as rather a prickly one. YouTube was sold to Google in 2006 for $1.65 billion.

A press release issued by the Charlotte-based, Peter Windsor and Ken Anderson-led operation revealed that 33-year-old Hurley will 'provide visionary guidance and corporate strategy expertise', with the latter remarking that he had been attracted by F1's blend of sport, technology and design.

"Getting in on the ground floor of a project of this size and scope is a tremendous opportunity," enthused the American, "and I look forward to helping to shape the USF1 vision and corporate strategy for years to come."

"Bringing in a businessman with his level of credentials, and experience in developing and fostering a vision for start-up companies, is an honour," added team principal and former F1 and IndyCar designer Anderson, "and we look forward to taking on the Formula 1 challenge together in 2010 and beyond."

"Chad's commitment to this team is vital," echoed sporting director Windsor, "and his visionary expertise and leadership will help steer us into the future as we look to attract best-in-class sponsors, drivers, employees and fans in our quest to compete at the highest level of motorsport."