YouTube deal 'a victory' for USF1

Peter Windsor and Ken Anderson are delighted to see through the completion of a partnership between USF1 and YouTube co-founder Chad Hurley. It was announced on Thursday that the new-for-2010 American team has joined forces with the popular video sharing website, which will become the primary investor of the Charlotte-based outfit.

With the much rumoured deal between the two parties now reality, the partnership marks YouTube's first move into the world of Formula One. "This is a great day for USF1," said Windsor, executive vice president and sporting director of the team.

"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."

With the team predicting worldwide F1 audiences in excess of 600 million next year, USF1 president, team principal and CEO Ken Anderson is equally happy. "Chad's addition to the team is a victory for USF1," he said. "Bringing in a businessman with his level of credentials and experience in developing and fostering a vision for start-up companies is an honour and we look forward to taking on the Formula One challenge together in 2010 and beyond."

Source: GP Update