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YouTube injects cash into US F1 team

Chad Hurley hopes to be all-American hero

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YouTube co-founder and CEO Chad Hurley has joined the US Formula One team as its primary investor.

The boss of Google's online video-sharing empire hopes to see the US F1 team, led by Ken Anderson and Peter Windsor, win in the motorsporting world's Grand Prix tournament in 2010 and beyond.

Hurley will pump money into the US team's corporate strategy.

The YouTube main man "will be a major force behind the team’s goal to showcase that a US-based team with American technology can compete again in Formula One and eventually win races in the most prestigious and most celebrated motorsport in the world," gushed the American F1 team in a press release.

Presumably this means YouTube might also have its logo splashed across the team's motors, which strikes us as intriguing given the number of grumbles expressed in the past by F1's commercial owners, who have tried to stop fans sharing videos online.

Such as this little film shot by your El Reg correspondent on an Intel-sponsored day trip to Silverstone in 2007.

Anyway, we digress.

“I am thrilled to be a part of America’s first Formula One team in more than 40 years,” multi-millionaire Hurley said.

“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.”

From the start of 2010 three new teams will be competing in F1, including the US outfit.

USF1 plans to show-off American talent and tech from their home in Charlotte, North Carolina.

However, its cars will use a Cosworth engine, which as the engine maker points out on its website "began life in a small workshop in London in 1958 when it was founded by Mike Costin and Keith Duckworth."

It was bought by car giant Ford in 1998 before changing ownership again in 2004. ®

The smart choice: opportunity from uncertainty

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