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Wesley Branton | June 3, 2014 @ 4:00 am
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In the media recently, there has been a lot of speculation about NASCAR team owner, Gene Haas purchasing team Caterham. Haas is set to join Formula One™ in the 2015 or 2016 season, but the question remains:
Will Haas purchase a current Formula One™ team or start a new team from scratch?
Personally, I think that Haas would be much more successful if he were to purchase a team that is already in the sport. Caterham would be a better team to purchase since they are not currently competitive, meaning the Haas may be able to purchase the team for a lower price. We have also heard in the media that the team may be suffering from financial troubles and may be forced to leave.
If Haas was to buy the team, odds are he would make a greater profit. If he was to start a team right now, he would need to dump millions of dollars into research and development. For the first season or two, he would most likely not be competitive because he is new and has little experience in the sport. This means that it would take a good few seasons to catch up to the other teams and a lot longer to catch up to the master teams like Ferrari, Red Bull and Mercedes.
Although a team purchase cannot be confirmed or denied at this time, I think that this a possible option and one that we may see come true. Whether he purchases the team or not, best luck to Gene Haas during his entry into the sport.