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Formula 1

US F1 on the brink of collapse – looking ahead to 2011

US F1

According to Autosport.com the future of US F1 has already been sealed. While not officially confirmed, it has been reported that Production Manager Dave Skog has informed US F1 staff they will be placed on unpaid leave. So, they’re technically still employed, but failing new investment the team is unlikely to continue.

This news follows weeks of speculation suggesting US F1 were facing closure. Team bosses Ken Anderson and Peter Windsor were not present when Skog made his announcement, and at this stage, they have failed to comment on the team’s current plight. Such silence only heightens thoughts of an official withdrawal from Formula One being weeks, or even days, away.

Should US F1 plans be officially cast aside then Stefan GP, who bought much of Toyota’s F1 remnants, are ready to step in to fill the void.

UPDATE: Speaking to Autosport.com US F1 boss Ken Anderson has said, “We have applied to the FIA to hold our entry until 2011. It was supposed to be confidential, so I could not really comment on it. It seems to have leaked out though.

“We are waiting for a reply from the FIA and are working with them. In the mean time, there is nothing for the employees to do, so we have told them to stop working on the current car until we have a decision.”

[Source: Autosport.com | Thanks to Chris for the tip]