Tag Archives: Chad Hurley

USF1 offers compensation to miss season

USF1

USF1

The American racing channel Speed TV is reporting that USF1 gave offered the FIA a 7-digit compensation figure to miss the entire 2010 season.

The Charlotte outfit are not going to be able to make it onto the grid, and they are turning desperate. Speed TV areĀ  calling it a “substantial 7-figure surety bond as proof of their intentions to race next year”. This money is being offered by Ken Anderson and Chad Hurley, who is the head of YouTube and a major partner of the team.

Update: I’ve removed this paragraph, simply because I got this part completely wrong. I had written this piece before the news came out that it was actually a surety bond. Which means that all my ramblings about bribes were complete rubbish, sorry about that, I know very little about surety bonds and the like.

Follow

Get every new post delivered to your Inbox.

Join 55 other followers