The FIA has fined the defunct USF1 team and banned it from participating in any FIA sanctioned championship as punishment for failing to make the start of the 2010 F1 season.
The American team had hoped to join Lotus, Virgin and Hispania in Bahrain as one of the four new teams given the green light to compete, however financial difficulties led to the teams collapse.
As a result, the FIA has taken the option to fine the team €309,000 (£253,000, $380,000) which will likely be collected through the recent auction of the teams equipment.
“The Judging Body of the World Motor Sport Council has found the USF1 team guilty of having infringed the FIA International Sporting Code, the sporting regulations of the 2010 FIA Formula One World Championship and the obligations resulting from its entry in this Championship,” an FIA statement read.
“In these circumstances, the Judging Body of the World Motor Sport Council has decided to impose the following sanctions against USF1; a fine of 309,000 euros (a sum equivalent to the Entry Fees for the Championship); the disqualification of USF1 (which definitively deprives USF1 of the right to take part, in any way whatsoever, in any competition); and the payment of the costs incurred by the FIA within the context of this disciplinary procedure.”
Discussion about this post