• Apr 2, 2010
USF1 has officially shuttered operations in Charlotte, NC. That's according to the Charlotte Business Journal, which notes that Ken Anderson, president of the team, sent employees an email yesterday pointing to financial woes as the straw that broke the doomed camel's back. Anderson's pet racing project was supposed to jump into the Formula One fray at the Bahain Grand Prix on March 14, but couldn't quite get its act together in time. Rumors of a shut down have been dogging the USF1 team nearly as long as it's been around, and this time, it looks like the naysayers were right.

Even worse, a handful of former USF1 employees have filed complaints with the North Carolina Department of Labor over missing paychecks. While Anderson's email said that employees could be called back at some point in the future, it looks like it's lights out for good from here.

[Source: Charlotte Business Journal]


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  • 28 Comments
      • 4 Years Ago
      The worst part is all the wasted money.

      For just a fraction of the money they wasted I could have built an indoor go-kart track in my hometown that could of showed thousands of young kids that there is more to road racing than rednecks and ovals.
      • 4 Years Ago
      Geeze, end to an american dream.

      Atleast we have Ken Block in WRC reppin the good ole' USA
      • 4 Years Ago
      If a country that hasn't provided a permanent home for an F1 race, how do you expect it to organize it's own F1 team?
        • 4 Years Ago
        Do it like Force India? Quietly climb up the constructors ranks until you're taken ever more seriously?
      • 4 Years Ago
      It's too bad they couldn't make USF1 work.
      • 4 Years Ago
      I kinda figured they were a longshot at best, but had hope for them anyway. Ah well, it's still bad news.
      • 4 Years Ago
      Expected, but sad...

      Too bad they didn't get some obama bailout money.
      • 4 Years Ago
      The effects the IRL/CART split have never been more apparent in my opinion. The hole left by both series was big enough for NASCAR to drive 3-wide right up the middle.  NASCAR is nothing if not a great marketing machine and has capitalized to the full extent. Leaving almost a complete lack of interest in formula racing of any kind. Dont think it's true? Watch the "Speed" channel. They may as well rename it the NASCAR channel. Formula One, GP2 are all you really get. And half the races are broadcast at 3am. Rarely re-broadcast.
      How does a team like USF1 stand a chance?  They dont even have the backing of the public. And no one could expect a sponsor to sink millions of dollars into a marketing channel that has no audience. 

      And as for the red headed stepchild comment from "nickybeans"- That's a little uninformed and just not true. America's race heritage is as respected as any other country. Watkins Glen. Long Beach. Indianapolis. 3 in a list of a dozen venues that have hosted American Grands Prix. And I take it everyone is aware of Mario Andretti?? One of the greatest racers of all time.    

      Let's just hope the rumors of Ferrari backing an American team are true.
         
           
      • 4 Years Ago
      So they waited a day... else no one would have believed it?
      • 4 Years Ago
      no american f1 team, no f1 race in america. whats next, Speed Tv dropping coverage of F1. O wait its not Speed tv its nascar tv.
        • 4 Years Ago
        Though there are people that will watch foreign-based sports (and racing), IMO F1 does need some American hook to really make it in the States. At least an F1 race here would be something.

        But given the USF1 debacle an American F1 team is probably never going to happen. So I'll just keep wishing NASCAR will make a track w/rollercoaster-style loops. :-)
      • 4 Years Ago
      Oh, darn
      • 4 Years Ago
      USF1 is dead, long live Stefan GP!
      • 4 Years Ago
      Bad news for USF1, and bad news for the FIA, who chose them over a number of other contenders to take that place as a "new team" for the 2010 season. The FIA obviously didn't do their homework very well if there was even the slightest chance that the team was going to fold before the tyres even kissed the tarmac. It'll probably go down as one of Formula 1's greatest failures. As bad as the Pacific and Forti teams, et al, were, they all at least competed for a few races, albeit to make up the numbers in most cases.

      So, who is going to get the USF1 license? Is the license even up for grabs any more now that this concern has gone arse-up?
        • 4 Years Ago
        I don't know about that. There's hardly anybody talking about USF1. It will be forgotten already next year, if not already.
        • 4 Years Ago
        Indeed. I've done a quick browse around my usual F1 website haunts and there's been no mention. However, from within the annals of the FIA and other associated bodies, it will go down as a failure.
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