founder Chad Hurley is putting some of his fortune into Formula One as primary investor in the new US F1 team due to enter the sport next season. “I am thrilled to be a part of America's first Formula One team in more than 40 years,” the multi-millionaire told the autosport.com website. Hurley, CEO of the video-sharing website that was sold to Google in 2006 for $1.65 billion in 2006, said he was attracted by the mix of technology, design and sport that Formula One represented. “I see tremendous potential for all sports to integrate more media, more social connections, connect with the fans and build a fan base,” he said ahead of this weekend's European Grand Prix in Valencia. US F1 is one of three new outfits confirmed for next year's championship, with the starting grid due to be expanded to 13 teams from the current 10.
