'US F1 offers compensation to miss season'
#1
03-01-2010, 08:14 PM
'US F1 offers compensation to miss season'
'US F1 offers compensation to miss season' - Formula 1 news - GPUpdate.net
The struggling US F1 team is offering Formula 1 governing body the FIA a 7-digit compensation figure in return for missing the entire season this year, American broadcaster SpeedTV reports.
With Charlotte-based US F1 still determined to become America's first Grand Prix team, the squad has come under yet more pressure in recent weeks as hopeful Serbian outfit Stefan GP hopes to push for the withdrawal of the former in order to make room on the grid for itself.
However, SpeedTV now reports that US F1 co-founder Ken Anderson and Chad Hurley - head of YouTube, a major partner of the team - have now offered to hand over 'a substantial 7-figure surety bond as proof of their intentions to race next year'.
It has also been reported that Hurley remains committed to US F1 despite reports elsewhere in the media which suggest he is now considering a switch to Campos.
The struggling US F1 team is offering Formula 1 governing body the FIA a 7-digit compensation figure in return for missing the entire season this year, American broadcaster SpeedTV reports.
With Charlotte-based US F1 still determined to become America's first Grand Prix team, the squad has come under yet more pressure in recent weeks as hopeful Serbian outfit Stefan GP hopes to push for the withdrawal of the former in order to make room on the grid for itself.
However, SpeedTV now reports that US F1 co-founder Ken Anderson and Chad Hurley - head of YouTube, a major partner of the team - have now offered to hand over 'a substantial 7-figure surety bond as proof of their intentions to race next year'.
It has also been reported that Hurley remains committed to US F1 despite reports elsewhere in the media which suggest he is now considering a switch to Campos.
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