F1 »

USF1 confirms tie-up with YouTube founder

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.”



Related Pictures

Click on relevant pic to enlarge
USF1 is determined to be the next addition to the F1 grid, possibly as early as 2010
12.10.2014- Marco Tronchetti Provera (ITA) Pirelli Chairman with Paul Hembery (GBR) Pirelli Motorspor Director  and Bernie Ecclestone (GBR), President and CEO of Formula One Management
12.10.2014- Race, All the driver on the grid talking with Pasquale Lattuneddu (ITA), FOM
12.10.2014- Vladimir Putin (RUS) President of Russia with Bernie Ecclestone (GBR), President and CEO of Formula One Management
12.10.2014- Bernie Ecclestone (GBR), President and CEO of Formula One Management
12.10.2014- Vladimir Putin (RUS) President of Russia with Bernie Ecclestone (GBR), President and CEO of Formula One Management
12.10.2014- Bernie Ecclestone (GBR), President and CEO of Formula One Management with Dmitry Kozak (RUS) Russian Deputy Prime Minister
12.10.2014- Vladimir Putin (RUS) President of Russia with Bernie Ecclestone (GBR), President and CEO of Formula One Management
10.10.2015- Free Practice 1, Dmitry Kozak (RUS) Russian Deputy Prime Minister with Bernie Ecclestone (GBR), President and CEO of Formula One Management and Christian Horner (GBR), Red Bull Racing, Sporting Director
10.10.2015- Free Practice 1, Bernie Ecclestone (GBR), President and CEO of Formula One Management
09.10.2014-  Bernie Ecclestone (GBR), President and CEO of Formula One Management
09.10.2014-  Bernie Ecclestone (GBR), President and CEO of Formula One Management
09.10.2014- Graeme Lowdon (GBR) Marussia F1 Team Chief Executive Officer with Bernie Ecclestone (GBR).
09.10.2014- Atmosphere of Sochi Olympic Park - Bernie Ecclestone (GBR), President and CEO of Formula One Management golf car
Bernie Ecclestone and Azad Rahimov at Baku European Grand Prix launch
Bernie Ecclestone at Baku European Grand Prix launch
21.09.2014 - Race, Bernie Ecclestone (GBR), President and CEO of FOM
21.09.2014 - Race, Christian Horner (GBR), Red Bull Racing, Sporting Director and Bernie Ecclestone (GBR), President and CEO of FOM

Join the conversation - Add your comment

Please login or register before adding your comments.

Although the administrators and moderators of this website will attempt to keep all objectionable comments off these pages, it is impossible for us to review all messages. All messages express the views of the poster, and neither Crash Media Group nor Crash.Net will be held responsible for the content of any message. We do not vouch for or warrant the accuracy, completeness or usefulness of any message, and are not responsible for the contents of any message. If you find a message objectionable, please contact us and inform us of the problem or use the [report] function next to the offending post. Any message that does not conform with the policy of this service can be edited or removed with immediate effect.




© 1999 - 2014 Crash Media Group

The total or partial reproduction of text, photographs or illustrations is not permitted in any form.