• Mar 2nd 2010 at 5:41PM
  • 26
The USF1 saga may have taken a turn for the worse today as Autosport reports that the hopeful team's operations have 'effectively been shut down.' Team personnel and the remainder of the operation's employees were reportedly given the news today that their services would no longer be needed, though some unknown number of them technically remain employed (albeit unpaid).

Assuming for a moment that this news is accurate – though it's yet to be confirmed, the team's recent woes certainly mean this report is stupendously unsurprising – it's not clear what USF1 investor and YouTube co-founder Chad Hurley will do, though SpeedTV is reporting he may just cut his losses and get out of the Formula 1 game entirely.

Serbian outfit Stefan Grand Prix is thought to be the leading candidate to fill the vacancy left by USF1's departure from the 2010 grid. We'll likely get some sort of response from the FIA within the next few days. Stay tuned, race fans.

[Source: Autosport]

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    • 1 Second Ago
      • 5 Years Ago
      So will Peter Windsor be back on the grid in time for Bahrain on Speed?
      • 5 Years Ago
      Hellooooo Pooolllyyyy!
      • 5 Years Ago
      Who didn't see the bus a' commin'?

      And Peter ties his tie too short.
      • 5 Years Ago
      I understood (among thousands of others) that this was vaporware since the first press release. All show and no go... Plenty of talking and little on doing.

      Just read those press releases: half of that content is lies that anyone familiar with F1 would see from miles away... they didn't even suspect what F1 was.
      • 5 Years Ago
      Sad, but we have Shuey back.
      • 5 Years Ago
      I saw this one coming. I knew it would take a herculean effort to get this one on the track.
      • 5 Years Ago
      The manager of the only driver currently under contract with US F1, Jose Maria Lopez, is working to extricate his client from the team.

      Victor Rosso, who is part of the Argentinean driver's management team, told Cadena 3 Cordoba radio that manager Felipe McGough has been working on extracting Lopez from his contract with the failing squad. He also said McGough is trying to get back the US$830,000 advance that was paid to secure his drive.

      In the interview he was also particularly critical of team principal Ken Anderson. "Ken Anderson and Peter Windsor will travel to Argentina in the coming days to give us an explanation about everything that has happened, since the sole responsibility is theirs. The main culprit is Ken Anderson. He deceived the FIA, FOTA [Formula One teams' association], FOM [Formula One Management] and broke the Concorde Agreement. "

      From ESPNF1

        • 5 Years Ago
        The link I posted... and on Motorsport.com, he's successful at getting out of the contract and seeking the return of the $800k+ initial payment his backers made to USF1.
      • 5 Years Ago
      You can blame them if they didn't try, but they did try so they get no negativity from me. Best of luck to Stefan GP and I will be cheering on McLaren this year. I look forward to US F1 2011 if KA and Hurley can hit the meeting rooms and get sponsorship for next year.
        • 5 Years Ago
        No, they didn't try. That India team tried: they didn't win, or become relevant, but they did try and did their best: that deserves recognition. USF1 failed to do anything: all they did was give promises.
        • 5 Years Ago
        When all is said and done...Do you even know how rich Vijay Mallya is? It's pretty easy to try when you have an unlimited budget. the whole point of US F1 was for it to be a small group of people (a skunk works). Both are incomparable and you just seem like your ranting.

        btw "that india team" is Force India Mercedes.
      • 5 Years Ago
      R.I.P. USF1
      • 5 Years Ago
      /me pours a little motor oil on the ground for the homies at USF1

      While I think everyone pretty much saw this coming, it is a bit sad. Would have been nice to see what they could do.

      Oh well.
      • 5 Years Ago
      Talk about a perfect example of how to piss money away and mismanagement ....
      • 5 Years Ago
      I've been following this story for about a week now on French language sites and rumour has it Jacques Villeneuve will be filling one of the vacant seats for Stefan GP!
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