February 24, 2010

USF1 DOA?


Just over one year ago, Peter (Smarmy) Windsor and Ken Anderson went on SPEED and announced that they were forming a F1 team to be based in Charlotte, NC.  This team eventually had Youtube founder Chad Hurley join the roster as the primary investor, with the promise of more to come.  Their website showed promising signs of car building, and everything seemed quite rosy.

However, as early as three months ago annoying troll Bernie Ecclestone was going out of his way to tell any news outlet he could reach that he didn't believe that the team would make the 2010 grid.  When they named Argentinian Jose Maria Lopez as their first driver, it was widely assumed that it was for the $5 million that would come with him in sponsorship.  The "pay driver" has a long and ugly history in Formula 1, and it's never a good sign for a team's fortunes. 

Recently, some ugly reports have started to surface regarding the American F1 team.  They "requested clarification" about missing races; they were wondering about missing the first four and joining the grid in Barcelona.  Then, anonymous sources said that the team has been late issuing paychecks to their employees.  10 staffers have quit the team.  One potential sponsor, Locstein Group AG, a Swiss-based financial services firm, recently confirmed that they will not be involved with the team because USF1 won't make the grid for the first race.  Fingers of blame are being pointed at Anderson, saying that he is unable to manage such a complex project, and at Windsor, who has only rarely been seen at the team's factory.  Meanwhile, Lopez is reported to be in talks with another new team, Campos Meta, to join them, abandoning ship while he still can.

Then come reports that Charlie Whiting, F1's technical manager and race director, is visiting the team's home factory on Wednesday to see just exactly what's going on

Things look grim for the Americans.  They have some options open to them, of course.  First up, they can withdraw from the 2010 season and attempt to reapply for 2011.  Second, they can attempt to purchase cars from another source, such as Dallara (which is what Campos Meta is doing).  Third, they can hold onto their slot for 2010 and accept penalties for every race missed... penalties that are quite prohibitive and likely would drive an established team out of business, let alone a cash-strapped startup.  Or they can hope for a white knight to come along and pour buckets of funding into the team.

I fear the worst.

Posted by: Wonderduck at 06:41 PM | Comments (4) | Add Comment
Post contains 431 words, total size 3 kb.

1 It doesn't sound good, that's for sure.

Posted by: Steven Den Beste at February 24, 2010 11:07 PM (+rSRq)

2

Pass me  a box of Puffs.   :-(    I really had high hopes for the American team.  

Good old Billionaire Bernie.

   

Posted by: Mallory at February 25, 2010 08:53 AM (WJ2qy)

3 grim.

Posted by: vaucanson's duck at February 25, 2010 12:23 PM (XVJDy)

4 Since 1997, Mastercard Lola has been the premiere example of an F1 failure.  Soon, USF1 and their magic nose will provide a new standard.

I'm reminded of Nixon's nose in Sleeper.

Posted by: Ed Flinn at February 28, 2010 08:12 AM (suTNB)

Hide Comments | Add Comment

Comments are disabled. Post is locked.
23kb generated in CPU 0.2, elapsed 0.5568 seconds.
47 queries taking 0.4858 seconds, 252 records returned.
Powered by Minx 1.1.6c-pink.