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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

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We've seen some websites a little sparse on content, but usf1.com has to be the emptiest yet. Click over to the site and all you'll see is a logo. That's it.

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