Two US F1 team trailers have been put up for sale on eBay. The trailers were originally purchased from Brawn GP, and were planned to be used for the 2010 season. However, when USF1 ran into difficulties just weeks before the start of the season, which were discribed by the team as "serious economic and funding challenges", they were unable to make the grid in Bahrain.
SPEEDtv.com has learned that the struggling start-up USF1 Formula 1 team has formally petitioned the FIA to defer the team's entry into the sport until 2011.
As this is following Charlie's visit to USF1 one would be inclined to think that this solution was actually proposed by the FIA. In conjunction with the information that Stefan GP will not be allowed to race it would make sense.SPEEDtv.com has learned that the struggling start-up USF1 Formula 1 team has formally petitioned the FIA to defer the team's entry into the sport until 2011.
Yeah right, I'm sure they gonna be in much better shape a year from now with all the credibility gained.WhiteBlue wrote:An expected twist in the USF1 saga
SPEEDtv.com has learned that the struggling start-up USF1 Formula 1 team has formally petitioned the FIA to defer the team's entry into the sport until 2011.
xpensive wrote:Yeah right, I'm sure they gonna be in much better shape a year from now with all the credibility gained.
It should be noted that Chad Hurley has apparently been promoted to team principal following the break down of talks with Campos and Stefanovic. It also seems that new cash is available for an FiA surety bond. This seems to indicate that equity within the team has changed and Hurley is now finally prepared to finance the team with a view to race 2011.Team principals Ken Anderson and Chad Hurley have offered to post a “substantial, seven-figure” surety bond as proof of their intentions to race next year.
The Toyota solution had only worked for USF1 if Stefanovic had been prepared to become a minority share holder and hand the assets over to USF1. That wasn't a very probable solution to begin.The FOZ wrote:Does everyone not realize that running the Toyota cars under the USF1 entry this year is by far the most beneficial way to go? Stefan is going to lose big, USF1 stands to lose very big if they don't get a 2011 deferral.
Which would you prefer? Minority shareholder in a team with a 1-year shelf life, or majority shareholder in a worthless enterprise that's already cost millions?WhiteBlue wrote:The Toyota solution had only worked for USF1 if Stefanovic had been prepared to become a minority share holder and hand the assets over to USF1. That wasn't a very probable solution to begin.The FOZ wrote:Does everyone not realize that running the Toyota cars under the USF1 entry this year is by far the most beneficial way to go? Stefan is going to lose big, USF1 stands to lose very big if they don't get a 2011 deferral.
It's the former. Can't see a way in. If they did, the FIA would invite even greater scrutiny of their process since Lola, Prodrive, etc. all have just as much right to that spot as Stefan.The FOZ wrote:Fine, but if what we're hearing is correct, there is NO WIN for Stefan. None. Either they're living in a dream world, or they know something we don't.
People tend to remember only Prodrive and Lola when talking about 2010 applicants who would've made much better sense than the disastrous USF1 and Campos entries. But let's not forget about this other reject who would've probably done an equal (if not better) job than Virgin and Lotus.Pandamasque wrote:PS: off the top of my head I can think of at least 4 organisations that are more likely to be prepared for 2011 than USF1.
