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Page last updated at 18:53 GMT, Thursday, 24 June 2010 19:53 UK

USF1 hit with ban and heavy fine

Ken Andrerson, left, and Peter Windsor
Ken Anderson (left) and Peter Windsor launched the US F! team

The defunct US F1 team have been banned from Formula 1 and fined 309,000 euros(£255,000) for their failure to compete in this year's world championship.

Governing body, the FIA, disqualified them from all future events.

The fine is equivalent to their entry fees to the championship - which will be simply retained - and the costs of bringing a disciplinary case.

The team now have seven days to launch an appeal, but they are not expected to contest the verdict.

After being named as one of four new entries last year, the team ran into financial difficulties.

Formula 1 chief Bernie Ecclestone expressed doubts about their ability to make the grid as early as December 2009.

They confirmed to the FIA in February this year - only three weeks prior to the season-opening Bahrain Grand Prix - that they would not be able to take part.

In looking into the case, the judging body of the FIA's World Motor Sport Council decided to come down hard on the American team.

US F1 were found guilty of infringement of the International Sporting Code, the sporting regulations of the 2010 Formula One world championship, and the obligations resulting from its entry in the championship.

In their findings ,the FIA concluded US F1 "had displayed poor financial management and had underestimated the requirement to present an F1 car for the 2010 season in the time and with the financial resources available to them".

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see also
USF1 asks to start F1 season late
20 Feb 10 |  Formula 1
US team plans to enter F1 in 2010
25 Feb 09 |  Formula 1
US back on F1 calendar from 2012
25 May 10 |  Formula 1
Why F1 future may spin out of control
19 Jun 09 |  Business

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