USF1 Team Placed on Furlough; Applies to Delay F1 Entry to 2011

Although the USF1 appeared to have found a possible savior last week, the latest reports indicate that the American Formula 1 team is DOA.

According to Autosport, management told employees yesterday to “go home,” effectively placing them on furlough. Seeing as the F1 season opener is next week and USF1 has yet to unveil a car, the chances of this team actually competing in the 2010 season move from slim to none.
USF1 CEO and president Ken Anderson apparently realizes this, as he told Autosport he’s petitioned the FIA to delay the team’s entry by a whole year.
“We have applied to the FIA to hold our entry until 2011,” Anderson said. “We are waiting for a reply from the FIA and working with them. In the meantime, 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.”
If approved by the FIA, this may open up a spot for the Serbian Stefan GP team, which bought the remnants of Toyota’s F1 operations earlier this year. Stefan GP was previously rumored to have considered a merger with USF1 in order to enter the 2010 F1 season.
Source: Autosport