While the USF1 project may be dead and gone , there is still hope for an American team in Formula One . A bid by a group of American investors to enter F1 met with teams and Bernie Ecclestone to advance their talks over the weekend.
Autosport first broke the news. The team is being led by Parris Mullins, the advisor to YouTube co-founder Chad Hurley during his involvement at US F1, last month.
Mullins was in Montreal last weekend for the Canadian Gran Prix to try and advance their talks about the future. He has made clear that the group will look to take over a current team and not bring in a new one. Speculation has already linked the group with Sauber and Toro Rosso because of his personal links with Ferrari . Yet, Mullins says he is totally open-minded about the issue.
When Mullins spoke with Autosport, he said “Over the course of these three days progress has been huge. There was only so much I could do from the US anyway, and all the right people are here congregated in to one area.
"I made a lot more progress this weekend than what I was expecting, I hope to be making just as much progress between now and Valencia so we will see. The project is moving ahead.
Full story after the jump.
"More options have come up. As I have mentioned before I had several different ideas for not just myself to enter the sport, but also for the group of people that I am representing. So more possibilities have popped up. It has been a very productive weekend."
Mullins did confirm that he met with F1 boss Bernie Ecclestone over the weekend to discuss his involvement in the sport.
"Like I have said before, if the project makes sense Bernie is willing to help," he said. "If it makes sense then he will get behind it. I am taking it one step at a time, going at his pace and following his advice."
Ferrari president Luca di Montezemolo is on their side, as he said that he would love for his team to link up with an American outfit.