New USF1 Team?

There have been rumours flying about the last few days of a new F1 team attempting to form. Today Max Mosley confirmed the rumours as being true. The team is American based and called "USF1". There has long been speculation that American car manufacturers are keen to increase their presence in Formula One. However this all went horribly wrong when Bridgestone couldn't provide a tyre at the US grand prix a couple of years ago and the race went ahead with only 6 cars running. Since then the relationship between F1 and America has soured and the USA hasn't held a race for a couple of years now. That doesn't look like changing without an American Formula One team or some major backing of some form to get a race.

Max Mosley said "They have (approached us). They are serious people but I think they will be the same as everybody else, they need the costs to come down if they want to be competitive. With further cost cutting measures about to be discussed, there is a very strong possibility that the new US based team will enter the championship, however, it must be noted that America is one of the worst hit countries when it comes to the current economic crisis… I would have thought it would be extremely difficult. But there again, a lot depends on what their income could be," Mosley added. "At the moment if a new team comes into Formula One they race for nothing for two years, they do all their own transport for two years and they only get money in the third year. That is a significant barrier to entry."

Perhaps the new USF1 team could buy out Honda? Sweet revenge on the team which always ran and promoted Bridgestone tyres. The tyres which ultimately cost us a US race.