Team US F1 shuts down operation
Team US F1 shuts down operation
Author
Discussion

mtc27

Original Poster:

26 posts

227 months

Tuesday 2nd March 2010
quotequote all
Team US F1's Formula 1 hopes appeared to be over on Tuesday, with high level sources revealing to AUTOSPORT that the outfit has now effectively closed down.

Against the backdrop of weeks of uncertainty about the future of the American team, which had been struggling to get a car ready for the start of the season, sources have revealed team personnel have now been informed they are no longer required as the operation could not continue in its present guise.

AUTOSPORT understands that shortly before lunchtime, production manager Dave Skog informed those staff who had remained at the team during its recent troubles that they were being put on unpaid leave - even though they remain technically employed.

That move, which has not yet been officially confirmed, effectively brings an end to the F1 dreams of team principal Ken Anderson and sporting director Peter Windsor who had hoped to create a genuine American grand prix team unless a fresh cash injection can be found.

It is understood that neither Anderson nor Windsor were present at the factory while the announcement was made, and neither was available for comment about the latest situation.

Calls to the factory switchboard have also gone unanswered, with a message stating that the number is temporarily not working.

The failure of Team US F1 to make it onto the grid means that there is now a vacancy for the Serbian outfit Stefan Grand Prix, which has been sitting on the sidelines for several months.

US F1 will need to be officially withdrawn from the championship if Stefan GP is going to have a chance of getting a late entry - although such a situation may be possible if FIA technical delegate Charlie Whiting's inspection visit to the American team's factory last week showed that the outfit was not capable of competing.

It is also not clear what US F1 investor Chad Hurley will now do. The American YouTube co-founder, who had invested in the team, has been linked with potential deals with both Stefan GP and Campos Meta in recent weeks - and it is possible he may choose to remain in F1 through involvement with another team.

Ref autosport

groomi

9,331 posts

272 months

Tuesday 2nd March 2010
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Anderson and Windsor really seem to have come out of this as a disgraceful pair of dreamers. Not even having the courage to stand and tell their own employees the truth at the very death.

Disgraceful.

wildman0609

885 posts

205 months

Tuesday 2nd March 2010
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i just hope stefan gets the final grid place as their outfit looks pretty sound in terms of having a car ready and financial backing.

mattikake

5,116 posts

228 months

Tuesday 2nd March 2010
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Yanks. What have they ever done for F1? Bernie/FIA keep bending over backwards for them and they return with wasted space. wink

They'ew no better at football takeovers (Liverpool).

Drederick Tatum

1,033 posts

214 months

Wednesday 3rd March 2010
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What a shame, I was looking forward to having more cars on the grid

patmahe

5,919 posts

233 months

Wednesday 3rd March 2010
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Yep a geunine pity, especially for the workers in the factory. Can't believe the owners weren't there when this news was given, its a sad reflection on their character.

shirt

25,391 posts

230 months

Wednesday 3rd March 2010
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dave skog - fantastic name

woof

8,456 posts

306 months

Wednesday 3rd March 2010
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Stefan GP only have 1 car - that as yet hasn't run and they don't have a spares package.
(and a terrible website ! )
However that is a better position that Campos !

I can only see us have 11 teams this year. I don't see Campos nor Stefan GP making it.




A911DOM

4,084 posts

264 months

Wednesday 3rd March 2010
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So will they open up the slot on the grid and make good their promise to have a full grid encouraging newcomers, or will they now hide behind some pathetic rule having lost face by again backing a donkey organisation.

You'd have thought that with the efforts and money involved in even convincing the powers that they should have a grid slot, the company should have been able to demonstrate their ability to put the words into action.

Im not bothered if its Stefan or one of the other hopefuls - but at least Stefan seem to have the gear ready to roll - makes sense to give them a chance (considering theyve now messed around long enough for no-one else to have an opportunity to take part in the pre-season practice sessions rolleyes )


rdjohn

7,161 posts

224 months

Wednesday 3rd March 2010
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Unfortunately for USF1, they signed-up to Formula €50million and the financial goalposts were moved considerably by FOTA. They had 60 employees to Ferrari’s 500, or so.

IMHO the new teams only purpose will be to make Force India and Torro Rossa look much more impressive and increase the number of blue-flag overtaking opportunities.

Customer cars would have been a far more sensible way to go.

Muzzer

3,814 posts

250 months

Wednesday 3rd March 2010
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groomi said:
Anderson and Windsor really seem to have come out of this as a disgraceful pair of dreamers. Not even having the courage to stand and tell their own employees the truth at the very death.

Disgraceful.
I agree.

I always thought from Windsor's column on the ITV-F1 website in previous years that he came across as a bit of a tosser.

Now it seems that his pipedream is over aswell. Can't say I'm surprised.

profstoff

1,272 posts

256 months

Wednesday 3rd March 2010
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Have they actually clsoed and now cease to be. According to this http://www.planet-f1.com/story/0,18954,3213_599992... they have asked for a deferral for a year.

I think it's egg on the face of the FIA for not following a rigorous selection procedure when they awarded the new spaces.

revrange

1,182 posts

213 months

Wednesday 3rd March 2010
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rdjohn said:
Unfortunately for USF1, they signed-up to Formula €50million and the financial goalposts were moved considerably by FOTA. They had 60 employees to Ferrari’s 500, or so.

.
Nothing to do with it.

USF1 failed because they couldn't build a car in time, due to an over complex design, poor production management and maybe a lack of cash.

As Branson keeps banging on about, he is doing F1 for around £40 million, and has at least managed to produce a car.

While I would agree the unceratinty around F1 last year would not help get sponsors, it would not stop them getting on with the job of building the car. And from what has come put, with some youtube money, another sponsor ready to give $10 million plus paid drivers, they would have had enough to make the grid. No something more was wrong here, Windsor from his statements in the press seems to have been in another world for the last 12 months. Anderson seems to be singled out as the man at fault, don't know if that is correct but seems to be what various sources are saying.

The FIA did also have pretty good checks in place, they used accountants to check the plans etc. What this shows is how hard it is to get an F1 team going and only Virgin with Nick Worth, who has done it before, and Lotus with Mike the bulldog at the helm, both with bucket loads of F1 experience have managed to do it.

It shows that the old scheme of having to put up say $10 million upfront which you get back after over the season might not have been such a silly idea. Yes it would stop some small teams joining in, but it would also help avoid this situation.

hairyben

8,516 posts

212 months

Wednesday 3rd March 2010
quotequote all
revrange said:
rdjohn said:
Unfortunately for USF1, they signed-up to Formula €50million and the financial goalposts were moved considerably by FOTA. They had 60 employees to Ferrari’s 500, or so.

.
Nothing to do with it.

USF1 failed because they couldn't build a car in time, due to an over complex design, poor production management and maybe a lack of cash.

As Branson keeps banging on about, he is doing F1 for around £40 million, and has at least managed to produce a car.

While I would agree the unceratinty around F1 last year would not help get sponsors, it would not stop them getting on with the job of building the car. And from what has come put, with some youtube money, another sponsor ready to give $10 million plus paid drivers, they would have had enough to make the grid. No something more was wrong here, Windsor from his statements in the press seems to have been in another world for the last 12 months. Anderson seems to be singled out as the man at fault, don't know if that is correct but seems to be what various sources are saying.

The FIA did also have pretty good checks in place, they used accountants to check the plans etc. What this shows is how hard it is to get an F1 team going and only Virgin with Nick Worth, who has done it before, and Lotus with Mike the bulldog at the helm, both with bucket loads of F1 experience have managed to do it.

It shows that the old scheme of having to put up say $10 million upfront which you get back after over the season might not have been such a silly idea. Yes it would stop some small teams joining in, but it would also help avoid this situation.
USF1 threw their hat in the ring long before the budget cap was mooted/overthrown. I also remember a press statement during the FIA/FOTA spat saying that the budget cap didn't affect them either way, altohugh they did want an answer. The fact that virgin & co, whose entry was sparked by the budget cap have continued with an entry anyway leave no excuse for usf1 as far as this issue is concerned.

I expected them to look silly- the utter derision they had for formula 1 when they first came on the scene "yeah most formula 1 technology is american anyway, yee-har!" could only lead to failure, but I thought they'd at least manage to get a car together to give us all a laugh. Guess anderson & co had trouble buying all that "american F1 technology" down what passes for halfords stateside then?

Edited by hairyben on Wednesday 3rd March 11:06

Merry

1,510 posts

217 months

Wednesday 3rd March 2010
quotequote all
revrange said:
It shows that the old scheme of having to put up say $10 million upfront which you get back after over the season might not have been such a silly idea. Yes it would stop some small teams joining in, but it would also help avoid this situation.
I disagree. F1 should not be an exclusive club. There should be opportunities for new teams, much like there was in the late 80's early 90's. Jordan, for example came about due to this. Dont cap the number of entries, bring in pre qualifying of you have to, then it will be survival of the fittest.

Also, perhaps allow customer cars, but only for 1 driver teams, without constructor points.

I think its been rather sad only having 20 cars on the grid of late, and I do hope the FIA let Stefan GP in so we can at least have a full grid. After all more cars = more action = more interest as far as i'm concerned.

T89 Callan

8,422 posts

222 months

Wednesday 3rd March 2010
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Is anyone surprised? Anyone at all?

andyps

7,819 posts

311 months

Wednesday 3rd March 2010
quotequote all
revrange said:
rdjohn said:
Unfortunately for USF1, they signed-up to Formula €50million and the financial goalposts were moved considerably by FOTA. They had 60 employees to Ferrari’s 500, or so.

.
Nothing to do with it.

USF1 failed because they couldn't build a car in time, due to an over complex design, poor production management and maybe a lack of cash.

As Branson keeps banging on about, he is doing F1 for around £40 million, and has at least managed to produce a car.

While I would agree the unceratinty around F1 last year would not help get sponsors, it would not stop them getting on with the job of building the car. And from what has come put, with some youtube money, another sponsor ready to give $10 million plus paid drivers, they would have had enough to make the grid. No something more was wrong here, Windsor from his statements in the press seems to have been in another world for the last 12 months. Anderson seems to be singled out as the man at fault, don't know if that is correct but seems to be what various sources are saying.

The FIA did also have pretty good checks in place, they used accountants to check the plans etc. What this shows is how hard it is to get an F1 team going and only Virgin with Nick Worth, who has done it before, and Lotus with Mike the bulldog at the helm, both with bucket loads of F1 experience have managed to do it.

It shows that the old scheme of having to put up say $10 million upfront which you get back after over the season might not have been such a silly idea. Yes it would stop some small teams joining in, but it would also help avoid this situation.
I agree, USF1 said they would be involved before there was a proposed budget cap, it was then possible which would have helped them, then it wasn't there. If they had £40million or whatever the cap was they could just spend to that level, and if the design was as innovative as they said it was maybe they could have been competitive. But they seem to have spent about £40k on a carbon fibre bath tub and a few drawings so there doesn't seem to be any excuse.

Not Ideal

3,055 posts

217 months

Wednesday 3rd March 2010
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I feel sorry for the employees if (its true) that's how they were let go.

Mazda Baiter

37,069 posts

217 months

Wednesday 3rd March 2010
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T89 Callan said:
Is anyone surprised? Anyone at all?
tumbleweed

10 Pence Short

32,880 posts

246 months

Wednesday 3rd March 2010
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Such a shame. They were really looking forward to racing at Donnington this year...