The bid by a consortium of US investors to break into Formula 1 stepped up another gear in Canada last weekend when F1 supremo Bernie Ecclestone held talks withParris Mullins representatives from the group, led by Youtube co-founder Chad Hurley’s advisor, Parris Mullins (pictured).

The Youtube founders had previously been involved with the disastrous and aborted USF1 campaign, which failed embarrassingly to get off the ground in the 2009-10 off-season.

Rather than set up another US-based team from scratch, Mullins confirmed that this group is looking to get involved with a current operation instead, with paddock speculation linking him to Sauber and Toro Rosso, on account of his strong personal links with Ferrari, which supplies engines to both teams.

Ferrari boss Luca di Montezemelo had recently made it clear his desire to tie in with a US-based operation – putting two and two together, one would logically assume he is referring to the Mullins-led group.

Describing the project as “moving ahead”, Mullins went on to express his confidence that progress was being made.

“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,” he told AUTOSPORT. “It has been a very productive weekend.

“If it makes sense then [Bernie Ecclestone] will get behind it. I am taking it one step at a time, going at his pace and following his advice.”

[Image via MetroF1]

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Richard Bailey

Founder & Chief Editor at MotorsportM8
Hasn't missed a Grand Prix since 1989. Has a soft spot for Minardi. Tattooed with 35+ Grand Prix circuits.