Site logo

US F1 sponsor looking elsewhere

NEWS STORY
23/02/2010

While US F1 seeks approval from the FIA to miss up to four races, we understand that a major potential sponsor has given up on the team and followed the American outfit's head of business development out of the door.

Although Pitpass is unable to confirm the story - let's face it, you're unlikely to get anyone at US F1 to confirm the date - a reliable source tells us that the North Carolina outfit's ambitions have taken a major hit with the departure of the Locstein Group, a global financial services firm based in Geneva.

According to our sources, Locstein was on the verge of agreeing a 10m deal with US F1 but became increasingly concerned at the lack of progress and the fact that the team was likely to miss the season opener.

Meanwhile, US F1's head of business development, Brian Bonner, finally decided enough was enough and opted to leave the team and focus on his own company, B4 Marketing, which specialises in branding, sales and marketing support, and representation services.

Bonner, a former racer who can include the 1991 IMSA Camel GT rookie of the year and 1992 Indy 500 runner-up rookie of the year on his CV, is understood to have agreed a deal with Locstein and is now thought to be looking to place the potential deal with another team.

There remains confusion as to Youtube founder Chad Hurley's role with the American team. However, despite Anderson's assurance that he is still involved, it is believed that the departure of Bonner and Locstein might be the final straw.

LATEST NEWS

more news >

RELATED ARTICLES

LATEST IMAGES

galleries >

  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images

POST A COMMENT

or Register for a Pitpass ID to have your say

Please note that all posts are reactively moderated and must adhere to the site's posting rules and etiquette.

Post your comment

READERS COMMENTS

 

No comments posted as yet, would you like to be the first to have your say?

Share this page

X

Copyright © Pitpass 2002 - 2024. All rights reserved.

about us  |  advertise  |  contact  |  privacy & security  |  rss  |  terms