Archive for the ‘UsF1’ Category

Wed
16
Jun

Americans reportedly looking into investing in existing F1 team


Filed under: Motorsports, Earnings/Financials, Ferrari, Rumormill

725ee7fc71ri usa Americans reportedly looking into investing in existing F1 team

The USF1 project may be dead in the proverbial water, but that hasn’t deterred a group of American investors from breaking into Formula One. In fact, it only appears to have whetted their appetites as representatives headed to Montreal this past weekend for the Canadian Grand Prix to meet with Bernie Ecclestone and others to discuss new opportunities for involvement in the sport.

According to Autosport, the delegation was led by Parris Mullins, who was there representing an unspecified group of American investors. An advisor and close friend of YouTube co-founder Chad Hurley, Mullins was directly involved with USF1 until it collapsed.

Apparently, Mullins and company aren’t interested at this point in taking a fresh stab at forming another startup team, but are looking at possibilities to invest in existing operations. Given Mullins’ close ties with Ferrari, speculation has linked him with either Toro Rosso or Sauber, both of which use Ferrari engines and are in need of a fresh injection of cash. The reports also add another layer to Ferrari chief Luca di Montezemolo’s remarks regarding fielding a third car with American backing.

[Source: Autosport]

Americans reportedly looking into investing in existing F1 team originally appeared on Ferrari News on Wed, 16 Jun 2010 09:59:00 EST. Please see our terms for use of feeds.

Permalink

Posted in F1, formula 1, formula one, Formula1, FormulaOne, g1, parris mullins, ParrisMullins, UsF1 | Comments Off

Sat
5
Jun

The new NART? Ferrari chairman hints at proxy American F1 team


Filed under: Motorsports, Ferrari

d032580c90art308 The new NART? Ferrari chairman hints at proxy American F1 team

NART Ferrari 308 – Click here to view additional sizes on indianadinos’ Flickr stream

Ferrari aficionados will fondly remember the letters NART. The North American Racing Team was created by Ferrari’s American importer Luigi Chinetti, and campaigned Maranello’s thoroughbreds at premier endurance sports car races like Daytona, Sebring and Le Mans. In fact NART even jumped into F1 when John Surtees raced the 1964 United States Grand Prix at Watkins Glen, helping Surtees and Ferrari clinch the championship.

NART shut down in 1982, but if the latest rumors substantiate, Ferrari could have a new American team in the works. The rumors are spurred by the company’s always-outspoken chairman, Luca di Montezemolo, who has been pushing for the option to run a third car for some time now. Speaking with Italy’s La Gazzetta dello Sport recently, Montezemolo hinted that Ferrari could support an American F1 team racing under the stars and stripes.

America’s last bid to enter a team in the sport, known as USF1, failed dismally, but a new upstart called the Cypher Group is attempting to pick up the mantle. Could Ferrari support Cypher’s bid as its American proxy? Too early to say at this point, but the prospect is certainly intriguing.

[Source: ESPN | Image: indianadinos via CC SA 2.0

The new NART? Ferrari chairman hints at proxy American F1 team originally appeared on Ferrari News on Sat, 05 Jun 2010 09:31:00 EST. Please see our terms for use of feeds.

Read

Posted in cypher, cypher group, CypherGroup, Ferrari, nart, NorthAmericanRacingTeam, us f1, UsF1 | Comments Off