Since 2002, 62-year-old Gene Haas has been involved in the owners side of NASCAR.
Now, he wants to compete in Formula One.
As we all saw with USF1, it takes a gargantuan amount of money to not only enter Formula One, but be competitive. This is not a problem for Haas.
Haas is the largest manufacturer of CNC machines on the planet and on top of that owns his own wind tunnel. Thus, the capital is there.
German website auto-motor-und-sport.de is reporting that he is entering his name in the hat for a 2015 start to what will be known as Haas Racing.
The plan is to get engines from Ferrari, with plans to have the necessary equipment to build chassis in house, but the first models would come from Dallara.
Lastly, Haas has gained the support of former Red Bull team manager Guenther Steiner, who will take the position of team manager.
Reportedly, Haas has a massive budget to make this happen and ensure a better outcome than that of USF1 who declared bankruptcy before ever making it to the grid of a Formula One grand prix.