The World Motor Sport Council is just catching up to USF1's premature disappearance from Formula 1. The WSMC has reportedly banned the American ex-team forever – which we're guessing means the troika of Ken Anderson, Peter Windsor and Chad Hurley – from competing in F1, and fined it $382,000 as well as legal costs.
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
Easy come, easy go. Only it was anything but an easy arrival for USF1, the highly anticipated and much-hyped American grand prix team that was slated to hit the grid this past weekend for the start of the 2010 FIA Formula One World Championship. And in the end, much as Bernie Ecclestone predicted, the team failed to make it.
USF1 has already entered the terminal vortex – that is the swirl of rumors, silence and denials that leads everyone casting pitiful glances at some entity, thinking "You stink of death." The team didn't say much when everyone was wondering what was happening, but in motorsports, everyone knows what that means: they don't have money.