Formula 1
USF1 forfeits entry fee, barred from F1
Defunct USF1 has been fined EUR 309,000 and barred from ever competing in Formula One. The American outfit, headed by principals Ken Anderson and journalist Peter Windsor, was granted an entry for the 2010 season but failed to appear. USF1 has ...
GMM
Edited: Jun 24, 2010, 10:52 PM
Copy link
Share on Viber
Defunct USF1 has been fined EUR 309,000 and barred from ever competing in Formula One.
The American outfit, headed by principals Ken Anderson and journalist Peter Windsor, was granted an entry for the 2010 season but failed to appear.
USF1 has since liquidated its assets, and the sport's governing body joined the list of creditors with a decision made public on Thursday.
A fine "equivalent to the entry fees for the championship" has been imposed, while USF1 is "definitely" excluded from "any competition" for breaching the sporting regulations and the international sporting code.
In a detailed verdict, the FIA said that because USF1 has no "current financial liquidity", the fine is effectively the forfeiture of the fee already paid.
But USF1 has also been ordered to pay "the costs incurred by the FIA within the context of this disciplinary procedure".
The FIA revealed that, during the hearing, USF1 claimed that due to "many negative press comments", the team's "sponsorship climate deteriorated after last Christmas.
Bernie Ecclestone's statement in September last year that "possible USF1 are a doubt" was submitted as evidence, but the FIA retorted that USF1 could have countered the statement had the team's "funding, sponsorship and construction processes been on target".
USF1 even argued that negative media coverage amounted to 'force majeure', but the FIA procedure ruled there was "no evidence" of that.
We want your opinion!
What would you like to see on Motorsport.com?
Take our 5 minute survey.
- The Motorsport.com Team
Read and post comments
Read also :
Share Or Save This Story
Copy link
Share on Viber
Previous article Alonso backs new teams to speed up in 2011
Next article 'Proximity wing' plans leave F1 drivers dubious
Top Comments
There are no comments at the moment. Would you like to write one?
View More & Comment
More from
GMM
The season is still very long - Rosberg
Formula 1
Formula 1
The season is still very long - Rosberg
Jules Bianchi's father speaks of family's continued hopes
Formula 1
Formula 1
Jules Bianchi's father speaks of family's continued hopes
Sauber under no illusions about constructors' position
Formula 1
Formula 1
Chinese GP
Sauber under no illusions about constructors' position
More from
Bernie Ecclestone
Ex-F1 boss Bernie Ecclestone reportedly arrested for travelling with shotgun in Portugal
Formula 1
Formula 1
Italian GP
Ex-F1 boss Bernie Ecclestone reportedly arrested for travelling with shotgun in Portugal
Bernie Ecclestone sends major F1 warning ahead of 2026: 'Danger is we lose the fans'
Formula 1
Formula 1
Bahrain Pre-Season 2
Bernie Ecclestone sends major F1 warning ahead of 2026: 'Danger is we lose the fans'
Bernie Ecclestone slams "over-confident" Lando Norris as he backs Max Verstappen for 2025 title
Formula 1
Formula 1
Abu Dhabi GP
Bernie Ecclestone slams "over-confident" Lando Norris as he backs Max Verstappen for 2025 title
Latest news
Spire, Chris Gabehart reject Joe Gibbs Racing premise on deleted texts
NASCAR Cup
NAS NASCAR Cup
Charlotte II
1 h
Spire, Chris Gabehart reject Joe Gibbs Racing premise on deleted texts
Ricky Stenhouse explains his side of Michael McDowell conflict
NASCAR Cup
NAS NASCAR Cup
Charlotte II
5 h
Ricky Stenhouse explains his side of Michael McDowell conflict
Barnes: Why IndyCar’s updated licensing system fails its own integrity test
IndyCar
Indy IndyCar 6 h
Barnes: Why IndyCar’s updated licensing system fails its own integrity test
Why NASCAR is not penalizing Stenhouse, McDowell for post-race theatrics
NASCAR Cup
NAS NASCAR Cup
Charlotte II
7 h
Why NASCAR is not penalizing Stenhouse, McDowell for post-race theatrics
Feature
Discover prime content
Subscribe and access Motorsport.com with your ad-blocker.
From Formula 1 to MotoGP we report straight from the paddock because we love our sport, just like you. In order to keep delivering our expert journalism, our website uses advertising. Still, we want to give you the opportunity to enjoy an ad-free and tracker-free website and to continue using your adblocker.
You have 2 options:
- Become a subscriber.
- Disable your adblocker.
Subscribe now Already subscribed? Sign in here
Already disabled your adblocker?
Reload page
Manage Alerts
Subscribe