America's Last Hope For Formula 1 Forced Out Of Formula 1Stef Schrader2/23/16 1:13pmFiled to: Formula 1IndyCarAlexander Rossisilly seasonF11127EditPromoteShare to KinjaToggle Conversation toolsGo to permalinkIt should come as no surprise that he got booted for a driver with a multimillion-dollar backing from a petro-state.AdvertisementRemember that weird Manor Formula One arrangement that was rumored where American F1 driver Alexander Rossi would get a third of the time in the car? That didn’t happen, and nor did anything else in F1. So, Rossi is switching to IndyCar for 2016, where he just got the 2015 Rookie of the Year’s seat at Andretti Autosport. Indonesian driver Rio Haryanto ultimately got the Manor F1 seat. Haryanto will become Indonesia’s first Formula One driver with significant backing from Indonesian state-owned oil company Pertamina. Racer writes that none of the other drivers being considered could quite compete with an entire country’s potential for funding. According to PaddockTalk, a $5.5 million down payment from Pertamina secured Haryanto’s spot, and the country/company has promised $15 million over the remainder of 2016.As previously pointed out, a Formula One seat is a pretty questionable investment for a developing country with widespread poverty back home. Haryanto’s racing record is somewhat comparable to Rossi’s, as he finished 4th in the GP2 Series last year where Rossi finished 2nd. However, with oil prices expected to remain low for the near future, I’m not sure that $15 million guarantee is such a solid bet. Ask recently-ousted, Venezuelan oil-backed Pastor Maldonado about that one.