Reports circulating the motorsport press indicate that USF1 has signed a provisional contract with Argentine driver Jose Maria Lopez to drive for the new team next season. The arrangement, however, depends on Lopez bringing with him $8 million in sponsorship dollars, of which the young South American reportedly already has 80% in his coffers.
It's on again, off again in the face-paced world of Formula One politics. First the biggest teams in F1 were slated to split off and form their own series. Then everything seemed reconciled, until Max Mosley got all torqued off again and threatened to scuttle the whole deal. It's anyone's guess at this point – we think the one series will be on track for next season – but in the meantime, the FIA issued the official list of entries for 2010.
Whatever the outcome of the standoff between the Formula One Teams Association and the FIA, it was clear from the get-go that F1 was to change dramatically. As it turned out, the two parties – the first representing the teams currently participating in the sport and the second its governing body – have apparently reconciled their differences.