Investors looking to buy the Haas F1 team should look elsewhere: it’s not on the market.
Team principal Ayao Komatsu has confirmed that owner Gene Haas has received “numerous” purchase offers, but he is not interested.
Haas F1: Not Available for Purchase
Additional reporting by Thomas Maher
Since launching his namesake team in Formula 1 in 2016, Gene Haas‘ commitment to the sport has often been questioned.
The American squad has taken an unconventional path by outsourcing many components from Dallara, Ferrari, and other major motorsport firms instead of manufacturing most parts in-house, forming a team from the remnants of the former Marussia F1 team.
In its debut seasons, Haas finished eighth on the grid, followed by a fifth-place finish in the championship in 2018. However, the subsequent season brought challenges, and the team has struggled to stay competitive since then. The difficult years coincided with the COVID-19 pandemic, leading to increased speculation about a potential buyout. Nevertheless, Gene Haas remained firm, and the team is committed to the Concorde Agreement, with Komatsu insisting they are in it for the long haul.
Looking Ahead: Haas F1 in 2025
Speaking to the media before the British Grand Prix, Komatsu emphasized that Gene Haas’s passion for motorsport is still strong, suggesting that this enthusiasm deserves greater recognition. “When he came to Miami this year, he really enjoyed being there,” Komatsu noted.
“He constantly asks technical questions out of interest, and that hasn’t changed. This ongoing engagement shows his passion for the sport and improving results, which is essential from an owner. Despite receiving multiple offers to purchase the team over the last 18 months, he has no interest in selling. He is relishing the privilege of owning a Formula 1 team, especially during a time of significant evolution in the sport.”
Gene Haas’s Commitment to Motorsports
Haas’s long history in motorsports highlights his dedication. He established Stewart-Haas Racing in NASCAR with Tony Stewart in 2009, which grew into a successful four-car operation before transitioning to a single-car team.
Despite challenges, including the decision to downsize amidst shifting strategies, Haas remains committed to motorsports as it serves as a vital marketing tool for his primary business, Haas Automation. Amidst the pandemic, while his NASCAR endeavors faced trimming, the demand for his products remained strong. This timeline of adjustments has allowed Gene Haas to rediscover the joy in motorsport that initially fueled his passion.
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