Following weeks of speculation, the upstart US F1 team has announced the participation of one Chad Hurley. Starting out at eBay's successful PayPal service, Hurley and a few colleagues left to start YouTube, the video sharing site that they then sold to Google in 2006 for $1.65 billion. Hurley stayed on to guide the company after the acquisition and has now signed on to the first American grand prix team in some four decades to enter Formula One.
Hurley's responsibilities with the team will center on plotting its corporate and media strategy. However, there's been no official mention of whether YouTube – which has had its share of confrontations with Formula One Management – will itself be sponsoring the team directly.
[Source: Autosport | Image: Andreas Rentz/Getty]