Video: World's best RX action

Rallycross - WRC-style race cars battling on short track with tar, mud and obstacles is one of the most exciting of motorsports.2014 highlights!

Happy Christmas - stay safe on the road

This feature's packed with fun articles and videos, driving tips and warnings, for holiday travel,short or long. Be with us in '15.

End of the line for team USF1

2010-02-18 10:21
According to increasingly widespread reports, sources and rumours, the American entrant USF1 is nearing the end of the line.

The largest metropolitan newspaper in the United States, the New York Times, says the Charlotte based team is "plagued by financial troubles".

Team principal Ken Anderson is quoted as saying earlier this month that "a couple (of) sponsors have let us down a little bit, but we're on track".

However, official crash testing for the car in England this week has been called off, as have pre-booked press interviews, and no testing for the 'Type 1' is "scheduled or planned", the newspaper added.

"The bottom line is really simple: sponsor money didn't come through the way it was supposed to and it has grinded down the company to a halt," said an anonymous insider.

"They're having trouble making payroll, they're having trouble paying suppliers and that's the situation they find themselves in," he added.

Anderson and Peter Windsor, the team's British sporting director, declined to comment.

It means rumours have flourished that USF1's backer Chad Hurley, the CEO of YouTube, has been in talks to move his money to another team, such as Campos.

Argentine reports say a tearful Windsor this week informed Jose Maria Lopez, the team's only confirmed race driver, that the project is in trouble.

Instead, like Hurley, 26-year-old Lopez's management has turned its attention to other F1 teams.

A source close to Lopez told La Voz del Interior: "Maybe this is for the best and 'Pechito' (Lopez) ends in a car running better than the USF1."


NEXT ON WHEELS24X

Read Wheels24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
5 comments
Add your comment
Comment 0 characters remaining

Inside Wheels24

How F1 teams look for 2015 season

Sebastian Vettel joins Ferrari, Carlos Sainz to race for Toro Rosso... Check our F1 drivers' line-up for 2015.

There are new stories on the homepage. Click here to see them.