[Team] Haas: Gene Haas of NASCAR attempting to start F1 team

[davyboy]

Originally Posted by Catingaround

The big difference here, as compared to HRT, is that Haas plans on developing his Dallara, they have the money, facilities and experience running a championship winning Cup team. I hope they can make the grid for 2015, it will be fun to follow their efforts.

The costs and resources of running a championship winning Cup team are dwarfed by what's necessary to mount an F1 campaign as a tail end team.

[Hawkwood]

Originally Posted by davyboy

The costs and resources of running a championship winning Cup team are dwarfed by what's necessary to mount an F1 campaign as a tail end team.

How much do Caterham and Marussia spend? Does anyone know for sure?
Dale Earnhardt Jr said in 2012 he figured it would cost him $24m per year to run a Cup team.
I would 'guess' that both the F1 back markers spend a smidgen more than that?

[chillibowl]

Originally Posted by davyboy

The costs and resources of running a championship winning Cup team are dwarfed by what's necessary to mount an F1 campaign as a tail end team.

and then having the resources and money still dont guaranteeing anything (Toyota).

provided they have money though i dont think setting up shop in the US is as inefficient as it used to be and my assumption is that Dallara were more hamstrung by HRT's inability to fund that project (and pay for the end result) as opposed to a lack of ability to build a respectable F1 chassis.

and given that the cap rules will probably take the unimaginative shape of limiting the size of cargo containers and blocking part shipments mid race weekend so transport cost might be less of a a deal going forward (compared to say not being eligible to receive any prize money which is a problem for all new teams).

anyways the only issue i can see here is how they pay for it (which they haven't answered) and that would be an issue regardless of their choice of lactation.

[Clive Brown]

Originally Posted by chillibowl

that would be an issue regardless of their choice of lactation.

Ehh?

[bjohnsonsmith]

Originally Posted by Clive Brown

Ehh?

I was going to say the same but now I will. Ehh?

[chillibowl]

sorry, i was trying to say that even if they located in the UK their biggest issue would still be about money/funding....thus money is the issue not location (or it is in my weird corner of the world).

edit. to clarify, the right amount of funding can overcome the location issue.

[Catingaround]

Originally Posted by davyboy

The costs and resources of running a championship winning Cup team are dwarfed by what's necessary to mount an F1 campaign as a tail end team.

Be that as it may, Haas already owns a top level racing team and facilities, he has a wind tunnel, 7 post shaker and automation tools. It also sounds like he showed Bernie enough money to fund a team for 4 years in F1. My point being, his position to develop a Dallara into a bespoke Haas Formula car in a few years would appear to be significantly better than HRT's program. Realistically, how competitive will they be? Probably not very, but as an American F1 fan it will be fun to see what they can achieve.

[fourWheelDrift]

Originally Posted by bjohnsonsmith

I was going to say the same but now I will. Ehh?

Don't milk it, it wasn't that funny.

[chillibowl]

Originally Posted by Clive Brown

Ehh?

Originally Posted by bjohnsonsmith

I was going to say the same but now I will. Ehh?

i just figured it out. i hate predictive text!

[wnut]

Originally Posted by fourWheelDrift

Don't milk it, it wasn't that funny.

But it certainly was that peculiar!

[Teretonga]

Originally Posted by Hawkwood

How much do Caterham and Marussia spend? Does anyone know for sure?
Dale Earnhardt Jr said in 2012 he figured it would cost him $24m per year to run a Cup team.
I would 'guess' that both the F1 back markers spend a smidgen more than that?

Just a little...
By the end of 2013 Caterham in all its guises and the road car operation had resulted in Tony Fernandez in spending alleged over $219 million on Caterham. That doesn't include his sponsorships from General Electric etc many of which are trade offs against his airline purchases. The GE deal was said to be as much as $50 million.
An F1 team (top one) in the early 90's cost $40 million to operate. The top teams now spend all in turnover $300-$400 million minimum and employ over 500 people.

The Haas operation will need probably a staff of 200+ people and a budget of around $80 million to see him through to the end of the first year.

[wnut]

Originally Posted by Teretonga

Just a little...
By the end of 2013 Caterham in all its guises and the road car operation had resulted in Tony Fernandez in spending over $219 million on Caterham. That doesn't include his sponsorships from General Electric etc many of which are trade offs against his airline purchases. The GE deal was said to be as much as $50 million.
An F1 team 9top one) in the early 90's cost $40 million to operate. The top teams now spend all in turnover $300-$400 million minimum and employ over 500 people.

The Haas operation will need probably a staff of 200+ people and a budget of around $80 million to see him through to the end of the first year.

The Haas family is worth about $ 8.2 Billion I believe!

Gene is worth $250 million.

He owns a Nascar team.
He owns a huge CNC equipment manufacturing business.
He owns a full size wind tunnel.

Who knows who he can co-opt!

America turns more carbon fiber into more aircraft than any other country!

If Haas and associates decide they are serious, I think the effort will be very impressive!

[nobster]

Read on a dutch motorsport site that mr. Haas was planning to call Norbert Haug and Stefano Domenicali, maybe a job offer on hand?

[Teretonga]

Originally Posted by wnut

The Haas family is worth about $ 8.2 Billion I believe!

Gene is worth $250 million.

He owns a Nascar team.
He owns a huge CNC equipment manufacturing business.
He owns a full size wind tunnel.

Who knows who he can co-opt!

America turns more carbon fiber into more aircraft than any other country!

If Haas and associates decide they are serious, I think the effort will be very impressive!

If he threw a budget of a couple of hundred million a year in and had an Adrian Newey on call I'd be a lot more optimistic but at this stage I will wait and see...

[Tucky]

He's got a better chance of making it in F1 than a GP2 team stepping up has IMO.

[davyboy]

Originally Posted by Teretonga

If he threw a budget of a couple of hundred million a year in and had an Adrian Newey on call I'd be a lot more optimistic

It's one way of quickly munching through a multi billion dollar fortune I guess.

[Casper]

Originally Posted by davyboy

It's one way of quickly munching through a multi billion dollar fortune I guess.

100 million a year x 10 years = a billion. He's got more than that and he accumulates in that time. I don't think the money frightens him as it would us. Even 150 million a year is not a huge deal to these people and it won't cost that much due to sponsors picking up some of the tab. That ignores the fact that he won't last that long anyway. Am I correct in thinking that the only American backer who hung around was Teddy Mayer?

[wolfhound]

Originally Posted by Casper

100 million a year x 10 years = a billion. He's got more than that and he accumulates in that time. I don't think the money frightens him as it would us. Even 150 million a year is not a huge deal to these people and it won't cost that much due to sponsors picking up some of the tab. That ignores the fact that he won't last that long anyway. Am I correct in thinking that the only American backer who hung around was Teddy Mayer?

100million is around the figure the top teams get from Bernie every year.

[BootsOntheSide]

Originally Posted by Tucky

He's got a better chance of making it in F1 than a GP2 team stepping up has IMO.

Sad but true when you put it that way. He's got the money and the manufacturing skill, and can hire people with racing experience and nous - and pay them enough. Would be great to see a new team succeed, but the 2010 new teams have had wealthy enthusiastic people behind them yet have barely made a dent in the history of the sport, and look unlikely to.

[GTRMagic]

Mr Brundle & co suggested on the ITV qually broadcast that Mr Haas was scheduled to visit Toleman (then Benetton then Renault then Lotus) next week

Maybe he is looking for a squad to buy. Could do worse than take over Caterham..

[F1Pete]

Looks like Haas will be meeting Lotus next week....interesting. If a takeover is in the cards, it means there is no extra team on the grid?

http://www.f1reader.com/#/news/haas-...ext-week-97497

[wolfhound]

Originally Posted by F1Pete

Looks like Haas will be meeting Lotus next week....interesting. If a takeover is in the cards, it means there is no extra team on the grid?

http://www.f1reader.com/#/news/haas-...ext-week-97497

It would make a lot of sense to take over an existing team as you will have a decent amount of infrastructure plus the more diffcult part to aquire ...... people.

[Teretonga]

Originally Posted by wolfhound

It would make a lot of sense to take over an existing team as you will have a decent amount of infrastructure plus the more diffcult part to aquire ...... people.

Saward is suggesting Caterham may soon be sold....

It seems that we may be in for a turnover of teams, no new ones, just a queue of teams looking for buyers as their owners look for a way out of F1...

Compare this to the numbers of people wanting to get into F1 in the late 80's, early 90's and its a complete reverse that indicates the real (lack of) business health of F1

[F1Pete]

Lack of business health of F1. Remember the days of the qualifying engines, new engines for every race, new tires for every lap, T cars...business was good.

[Hendrix]

It helped that there was tons of tobacco money coming into the sport.

As for Haas just buying Lotus, I wouldn't mind it as at least he would have a shot at some good finishes earlier on.