What will Chad Hurley bring to USF1?
Chad Hurley, Co founder and current CEO of You Tube is the primary investor in USF1!
So what will Chad Hurley for USF1? Well, what better executive to have bought into a US formula one than Chad! A man who helped found a video social media phenomenon that sold for $1.65bn just 17 months after launching could help build (or rebuild) the image of Formula One in the United States. Will we see YouTube logos on the side of the USF1 race cars in 2010?
Chad Hurlet Invests In USF1
Chad had this to say about the purchase:
“Getting in on the ground floor of a project of this size and scope is a tremendous opportunity, and I look forward to helping shape the USF1 vision and corporate strategy for years to come.”
He won’t admit it, but Bernie Ecclestone knows all too well that Formula 1 must succeed in America to get true world wide recognition of the sport. Hurley’s potential contribution to Formula One will help bring the commercial and social side of Formula One to the masses.
“This is a great day for USF1,” said Peter Windsor, sporting director for USF1. “Chad’s commitment to this team is vital and his visionary expertise and leadership will help steer us into the future as we look to attract best-in-class sponsors, drivers, employees and fans in our quest to compete at the highest level of motorsports.”
One thing is for certain, Chad will be a door opener for corporate sponsorship and promotional media to finally put Formula One a mainstream US sport.
