Every week, TicketForce brings you news on one of four industries: racing, sports, theatre, or music. This week’s #RacingWrap reports on Gene Haas’ grant to join the Formula One racing family.

Haas has been privileged with a license to race Formula One by the FIA earlier this week, which will prove to be both an honor and a challenge. His credentials include founder of Haas Automation and co-owner of Stewert-Haas Racing in the NASCAR Sprint Cup Series, making him well qualified for this position.

“It’s an exciting time for me, Haas Automation and anyone who wanted to see an American team return to Formula One,” says Haas. His team will be the 12th team on the grid with entry set for 2015. Because this challenge will not go without a multitude of hard work, the FIA may be willing to hold the spot until 2016 to allow for more preparation.

There is heavy speculation on the type of engines he will use (Ferrari) and where he might have his European home base (Italy), but of course, nothing is set in stone. Prospected drivers for his team include Americans Alexander Rossi and Conor Daly. They would be the first Americans to race Formula One since the Scott Speed era in 2007.

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