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Report: USF1 team shuts down operations

Report: USF1 team shuts down operations

Prospective Formula One team USF1 has shut down operations, according to a newspaper report citing team boss Ken Anderson.
USF1, backed by YouTube founder Chad Hurley, was granted an entry for the 2010 season but was forced to pull out as it was not able to develop its cars in time, amid reports of the withdrawal of a key sponsor.
The team had hoped to reapply for a 2011 entry, but a report on the Charlotte Business Journal's Web site on Saturday said Anderson had sent an e-mail to team staff notifying them that operations were being shut down, citing "serious economic and funding challenges."
The newspaper said the e-mail told workers they may be rehired if there was a turnaround in business conditions.


Updated : 2021-04-13 19:37 GMT+08:00