6852 replies to this topic

[lifelong]

The following tweets appeared from Brian Bonner, formerly the head of business development for USF1:

And the Captain did NOT go down with the ship
Sad news today

http://twitter.com/indy92

I wish he would elaborate, but I'd imagine we'll all know what he's referring to (if it's regarding USF1) soon enough

[Donka]

Slowinfastout, on Mar 2 2010, 17:38, said:

Quote

In the interview he (McGough) was also particularly critical of team principal Ken Anderson. "Ken Anderson and Peter Windsor will travel to Argentina in the coming days to give us an explanation about everything that has happened, since the sole responsibility is theirs. The main culprit is Ken Anderson. He deceived the FIA, FOTA [Formula One teams' association], FOM [Formula One Management] and broke the Concorde Agreement.

Hhmm? that's a funny thing to specify in a list of stuff.

Why yes it is. Especially considering he was reported himself sitting in London in Bernie's office trying to negotiate J-Lo's move. Therefore he could certainly be in the know, or he could be covering his arse since Corsa, one of J-Lo's sponsors put the blame on him for the deceit.

[Talryyn]

lifelong, on Mar 2 2010, 12:25, said:

The following tweets appeared from Brian Bonner, formerly the head of business development for USF1:

And the Captain did NOT go down with the ship
Sad news today

http://twitter.com/indy92

I wish he would elaborate, but I'd imagine we'll all know what he's referring to (if it's regarding USF1) soon enough

The team pushed the tub into a creek???

[beninski]

hmm intersting tweets coming out, some people saying Anderson has left the team before the announcement.

http://twitter.com/RussBroom

http://twitter.com/indy92

Perhaps this will now open the door for a Chad Hurley/ Stefanovic merger? I expect news soon!

Edited by beninski, 02 March 2010 - 18:34.

[Talryyn]

I call dibs on Hurley F1!

The tweet location from Bonner is what appears to be near a ditch or a creek as well, hence why I said the team pushed the tub into the creek. Ahh nevermind...

[Donka]

lifelong, on Mar 2 2010, 18:25, said:

The following tweets appeared from Brian Bonner, formerly the head of business development for USF1:

And the Captain did NOT go down with the ship
Sad news today

http://twitter.com/indy92

I wish he would elaborate, but I'd imagine we'll all know what he's referring to (if it's regarding USF1) soon enough

Hmm, at first I would say he' talking about Anderson, and maybe he had little investment lost.

Or it could be Hurley, and him leaving to another team....

Sounds like the FIA or FOM told them they're OVER!!


EDIT: Looks like Beminski post answers that...

Falcon 2 has flown the coup...

Edited by Donka, 02 March 2010 - 18:37.

[pacwest]

It appears **** is happening we will know about later in the day.

[lifelong]

Talryyn, on Mar 2 2010, 13:33, said:

I call dibs on Hurley F1!

The tweet location from Bonner is what appears to be near a ditch or a creek as well, hence why I said the team pushed the tub into the creek. Ahh nevermind...

This is his tweet location, I found the USF1 2010 car!

Edited by lifelong, 02 March 2010 - 18:37.

[Uwe]

According to Motorsport-Total its over.

Edited by Uwe, 02 March 2010 - 18:40.

[Donka]

Talryyn, on Mar 2 2010, 18:33, said:

I call dibs on Hurley F1!

The tweet location from Bonner is what appears to be near a ditch or a creek as well, hence why I said the team pushed the tub into the creek. Ahh nevermind...

I caught it, and laughed

[rmac923]

Above Motorsport-Total article (In English)

EDIT: Damn it!, from the end of page 169.

Edited by rmac923, 02 March 2010 - 18:40.

[pacwest]

We'll know for sure in about 20 minutes I bet.

[Donka]

I guess McGough TV Presser last night in AR was the canary in coal mine, they had too wait until it was officially over...

Bring on STEFAN GP!

[beninski]

I feel so sorry for all those staff members who were led to believe they would be on the grid, Ken Anderson and Peter Windsor are a couple of con men and should be punished by the FIA for their irresponsible actions, I just hope Stefan GP get the slot and some of those staff can transfer.

[rmac923]

So the question now is... will Stefan get the 13th grid slot, or will the FIA choose to wait til 2011 to fill the spot.

I want JV on the grid, but think the second is more likely (Letting Stefan in could cause a number of legal problems... if Ferrari let them in )

[pacwest]

Get your passport ready, you're moving to Serbia! Or Germany! Or not....

[Talryyn]

This is a very sad day indeed, now we will never catch the McLaren thread. Although this thread is second in the WFCC (World Forums Constructors Championship), which is impressive considering we never got this thread to an actual test track.

Sadly I will not remember what I was doing today, and for all I know this thread has already been locked by the mods, and this post may well never be seen. The cards are now with Stefan (erm cars), and if we can lodge a letter to the forum mods, we might be able to merge the two threads and thus win the WFCC!

Now we should start hearing from the employees, Dr. Warren, hopefully Chad Hurley, ComositeKen (hopefully not from CompostKen - but do not confuse the two). Windsor will write a book, I will not buy it.

Anyone in or near NC that can stop by the creek and pick up the car?

[Guizotia]

No more wages for USF1, but they still have a valid entry. Hopefully now Stefan GP can get it for a rock bottom price. I'm sure that's what he was waiting for.

[NightProwler]

USF1 is dead and buried, hopefully along with Anderson

[Talryyn]

beninski, on Mar 2 2010, 12:44, said:

I feel so sorry for all those staff members who were led to believe they would be on the grid, Ken Anderson and Peter Windsor are a couple of con men and should be punished by the FIA for their irresponsible actions, I just hope Stefan GP get the slot and some of those staff can transfer.

Lifetime ban??? I would agree, the team did not fail, they worked hard, and they should be applauded. KA/PW Lifetime ban however is well fitting, based on what speculation we have heard.

[wingwalker]

Guizotia, on Mar 2 2010, 19:48, said:

No more wages for USF1, but they still have a valid entry. Hopefully now Stefan GP can get it for a rock bottom price. I'm sure that's what he was waiting for.

It's been discussed and they can't just sell their entry like that, Stefan GP have to either get one from FIA or merge with someone who already has one (USGP). But entry in itself is not passable from team to team, it has to be FIA approved.

[Slowinfastout]

beninski, on Mar 2 2010, 13:31, said:

hmm intersting tweets coming out, some people saying Anderson has left the team before the announcement.

http://twitter.com/RussBroom

http://twitter.com/indy92

Perhaps this will now open the door for a Chad Hurley/ Stefanovic merger? I expect news soon!

Another thing CompositeKen accurately predicted!

Ken Anderson's disappearing act.

What a ****ing disgrace.

[Guizotia]

wingwalker, on Mar 2 2010, 18:51, said:

It's been discussed and they can't just sell their entry like that, Stefan GP have to either get one from FIA or merge with someone who already has one (USGP). But entry in itself is not passable from team to team, it has to be FIA approved.

Merge is what I meant. Merge and later name change same as buying the entry.

But my real point is that there is of course an asset there, the entry, and it will be interesting to see what happens next. Will USF1 do a Toyota and take the entry down with them.

Edited by Guizotia, 02 March 2010 - 18:55.

[Talryyn]

Agree, if the team has folded, and if not willing to sell the team, Stefan will not be able to grab the entry. They would have to apply, once the FIA opened it back up. I still fear no Stefan on the grid this year, hope I am wrong, I would like to see the cars in all red.

Edited by Talryyn, 02 March 2010 - 18:55.

[Slowinfastout]

Talryyn, on Mar 2 2010, 13:54, said:

Agree, if the team has folded, and if not willing to sell the team, Stefan will not be able to grab the entry. They would have to apply, once the FIA opened it back up. I still fear no Stefan on the grid this year, hope I am wrong, I would like to see the cars in all red.

Or maybe Anderson and Windsor were finally bought out and the 'merger' will go ahead.. let's see what are the details of USF1's "death"..

I just find it disgraceful they don't man up and announce it themselves.

Edited by Slowinfastout, 02 March 2010 - 18:58.

[wingwalker]

5LiveF1

RT @Dank_Ross According to reports, the remaining workforce at USF1 have been advised today that it's all over.

[Talryyn]

Slowinfastout, on Mar 2 2010, 12:58, said:

Or maybe Anderson and Windsor were finally bought out and the 'merger' will go ahead.. let's see what are the details of USF1's "death"..

I just find it disgraceful they don't man up and announce it themselves.

Indeed! Might have to wait for tomorrow or later in the day, Adam Cooper and James Allen have been watching this closely. Best bet is to talk to Bonner and Dr. Warren, if none of the three KA/PW/CH are picking up their mobiles. While CH is just an investor and I would not normally expect a comment directly from him, considering his involvement of late I must say I do think he would say something. Of course maybe he paid everyone, bought out the two, and is in the process of completing a merger. Or Hurley F1 will be on the grid next year.

wingwalker, on Mar 2 2010, 13:05, said:

5LiveF1

RT @Dank_Ross According to reports, the remaining workforce at USF1 have been advised today that it's all over.

Nah, that makes me think all the owners threw in the towel. No Hurley F1, bad idea on my part.

Edited by Talryyn, 02 March 2010 - 19:09.

[D.M.N.]

wingwalker, on Mar 2 2010, 19:05, said:

5LiveF1

RT @Dank_Ross According to reports, the remaining workforce at USF1 have been advised today that it's all over.

Key word there is reports. Which have probably originated from reports on this very forum.

[dank]

wingwalker, on Mar 2 2010, 19:05, said:

5LiveF1

RT @Dank_Ross According to reports, the remaining workforce at USF1 have been advised today that it's all over.

Wow. Fame.

I was merely conveying what Dieter and co. have said. Report should be up on Autosport soon-ish according to Jonathan Noble.

[NightProwler]

Again this silly season takes a twist

USF1 dies a week before Bahrain..... StefanGP could take its place with Villenueve ..... Hispania racing....

Its certainly been one hell of a ride.

[dank]

D.M.N., on Mar 2 2010, 19:10, said:

Key word there is reports. Which have probably originated from reports on this very forum.

House! Bingo!

[D.M.N.]

dank, on Mar 2 2010, 19:10, said:

Wow. Fame.

I was merely conveying what Dieter and co. have said. Report should be up on Autosport soon-ish according to Jonathan Noble.

Bye bye USF1 then...

dank, on Mar 2 2010, 19:11, said:

House! Bingo!

Edited by D.M.N., 02 March 2010 - 19:13.

[Slowinfastout]

I bet the people working there totally expected this outcome, just waiting for the ultimate conclusion.

I'll wait for the details, but it might well have been the stupidest thing ever for Anderson and Windsor to have sabotaged the talks with Stefanovic last week.

[loki]

sblick, on Mar 2 2010, 16:06, said:

Lotus announces CNN as sponsor I wonder if USF1 totally missed this or if they dropped USF1 when they found out they weren't going to make it. Maybe this was the mysterious funding that would appear if the FIA let them skip the first four races. Possibly once they dropped maybe they said we need a year now.

It's CNN International. Same parent but different programming. A British based team is a good fit for CNN International, that's a good get for them. Did they ever get Richard Quest out of rehab and back on the air? I haven't seen him on the air over here since that Central Park incident.

I doubt it was ever a consideration for CNN to sponsor USF1.

[MegaManson]

Sounds like the FIA declined the request

Hope Windsor has good lawyers as I expect he is going to need them in the coming months with all the lawsuits that will be flying his way, he is best off fleeing to Belize and lodging with Michael Ashcroft as I suspect there will be American, Argentinian and European arrest writs against him

The ultimate fairytale, a week before Bahrain USF1 folds, Stefan GP take the slot and Villeneuve wins the race

Much as I dislike Windsor I am not going to gloat about this as I feel sorry for the employees that have been shafted by him and Anderson vetoing the merger

[Talryyn]

This bit in the latest James Allen article: Also negotiating with Stefan is USF1 investor and You Tube founder, Chad Hurley.

[Lazarus II]

Slowinfastout, on Mar 2 2010, 14:58, said:

Or maybe Anderson and Windsor were finally bought out and the 'merger' will go ahead.. let's see what are the details of USF1's "death"..

I just find it disgraceful they don't man up and announce it themselves.

That's entirely plausible. From what Stefan said, it seems Anderson and/or Windsor knew what they had (the entry) and were playing hardball negotiations. Again from what Stefan said, Hurley 'seemed' interested in negotiations - interested in what only he knows; get out, merge forces or something entirely different, like it's dead and just walk away

Hurley could have bought Teams USF1, LLC.....but why would he tell the workforce it's over if he did that?

My feeling is that Hurley is walking away with a bruised wallet, but still fat (enough) w/cash.



I wonder what the going rate is on an official entry into the 2010 FIA F1 Championship? seems stupid of Anderson/Windsor to just let it die. A couple mill from Stefan would go some way of paying payroll and maybe a couple creditors....oh well...lawyers have to feed their children too. Let the vultures.....er I mean lawyers eat

[Talryyn]

Yep, a lot of this does not make sense yet. Full sense rather. Where in the world is Hurley or his delegates, and where in the world is the entry.

[Lazarus II]

MegaManson, on Mar 2 2010, 15:18, said:

Sounds like the FIA declined the request

Hope Windsor has good lawyers as I expect he is going to need them in the coming months with all the lawsuits that will be flying his way, he is best off fleeing to Belize and lodging with Michael Ashcroft as I suspect there will be American, Argentinian and European arrest writs against him

The ultimate fairytale, a week before Bahrain USF1 folds, Stefan GP take the slot and Villeneuve wins the race

Much as I dislike Windsor I am not going to gloat about this as I feel sorry for the employees that have been shafted by him and Anderson vetoing the merger

Why American arrest warrants? what's he done exactly?

Is this more MM wild speculation or do you have some insider info you'd like to share?

[loki]

D.M.N., on Mar 2 2010, 19:10, said:

Key word there is reports. Which have probably originated from reports on this very forum.

The entire staff was let go a couple of hours ago. That is a fact. USF1 is still technically in business and it would be possible at least at this point to them to sell but the deal would likely need provisions to satisfy whatever creditors there are and pay what the staff is owed.

[D.M.N.]

loki, on Mar 2 2010, 19:25, said:

The entire staff was let go a couple of hours ago. That is a fact. USF1 is still technically in business and it would be possible at least at this point to them to sell but the deal would likely need provisions to satisfy whatever creditors there are and pay what the staff is owed.

Fact =/= Report

Not the same.

[MegaManson]

Lazarus II, on Mar 2 2010, 19:25, said:

Why American arrest warrants? what's he done exactly?

Is this more MM wild speculation or do you have some insider info you'd like to share?

If he has been falsely stating their position in order to obtain money or obtain services then that is surely obtaining money by deception ?

I am referring mainly to the Pechito deal

Plus Windsor told us they have enough money for the whole season so what is to say that he was not overstating/lying about the financial position to others ?

[Crazy Canuck]

Adam Cooper just tweeted this:

"Looks like it's all over at US F1..."

I've asked him if he has more, but I assume he would have posted if he did....

CC

Edited by Crazy Canuck, 02 March 2010 - 19:33.

[Lazarus II]

MegaManson, on Mar 2 2010, 15:27, said:

If he has been falsely stating their position in order to obtain money or obtain services then that is surely obtaining money by deception ?

I am referring mainly to the Pechito deal

Plus Windsor told us they have enough money for the whole season so what is to say that he was not overstating/lying about the financial position to others ?

You think that is enough to land him in jail where exactly do you live?

You know the details of the Pechito negotiations? do tell ('details' implys both sides of course, because having only one side doesn't give you enough info to make a reasonable decision)

[solochamp07]

MegaManson, on Mar 2 2010, 14:18, said:

Sounds like the FIA declined the request

Hope Windsor has good lawyers as I expect he is going to need them in the coming months with all the lawsuits that will be flying his way, he is best off fleeing to Belize and lodging with Michael Ashcroft as I suspect there will be American, Argentinian and European arrest writs against him

The ultimate fairytale, a week before Bahrain USF1 folds, Stefan GP take the slot and Villeneuve wins the race

Much as I dislike Windsor I am not going to gloat about this as I feel sorry for the employees that have been shafted by him and Anderson vetoing the merger

I think that's a bit much to hope for, or do you reckon MS can take out that many cars in one race?

[stevvy1986]

http://www.autosport...rt.php/id/81819

[Mandzipop]

http://www.autosport...rt.php/id/81819

Now officially on Autosport.

[Crazy Canuck]

stevvy1986, on Mar 2 2010, 15:33, said:

http://www.autosport...rt.php/id/81819

The 'nays' have it then.

CC

[loki]

MegaManson, on Mar 2 2010, 19:27, said:

If he has been falsely stating their position in order to obtain money or obtain services then that is surely obtaining money by deception ?

I am referring mainly to the Pechito deal

Plus Windsor told us they have enough money for the whole season so what is to say that he was not overstating/lying about the financial position to others ?

You can prove this, right? There could be some civil suits but at this point there appears to be nothing of a criminal nature. Unethical perhaps by some standards but unless there is any evidence of siphoning funds or such it won't be a criminal case in the US.

[MegaManson]

Lazarus II, on Mar 2 2010, 19:32, said:

You think that is enough to land him in jail where exactly do you live?

You know the details of the Pechito negotiations? do tell ('details' implys both sides of course, because having only one side doesn't give you enough info to make a reasonable decision)

I don't know about American laws but if you lie to creditors or falsify information to gain business in the UK at the very least you will be disqualified from being a company director for 10 years and very possibly find yourself being someone's bitch in jail

I am speculating of course, we don't know the full facts but IF Windsor told porkies to potential investors and sponsors to get money he knew would never be returned he would be deep in ****