Weekly News via Email
   Set as homepage | Add to favorites | Customer Service | Subscribe Now | Place an Ad | Contact Us | Sitemap Monday, 02.19.2018
News Archive
Su Mo Tu We Th Fr Sa
 1  2  3  4  5  6  7
 8  9  10  11  12  13  14
 15  16  17  18  19  20  21
 22  23  24  25  26  27  28
 29  30  31
Online Extras
Site Services
Around Bend
Outdoor Fun
Travel Info
Shop Local

Members Of

Poll: Today's Live Poll
Email to a friend | Print this | PDF version | Comments (0 posted) 
  Blogger |   del.icio.us |   digg |   newsvine

Mar 05,2009
Formula One team forming for 2010 despite economy
by Bill Center

A pair of North Carolina businessmen announced Tuesday that they are planning to launch a United States-based Formula One team out of the NASCAR hub of Charlotte.

Ken Anderson and Peter Windsor, veterans of American racing enterprises, plan to have their team competing in the 2010 season.

"There are no books about how to build a Formula One team," Windsor said. "In the past, it's either been find an incredibly rich trillionaire or be invited by a large company to set up their Formula One operation."

Windsor admitted his group has neither in very difficult economic times.

"It sounds rather arrogant perhaps, but we have some experience and we have some things we want to bring into the sport. I am pleased to say we are two guys who can say we are going to do a Formula One team because we have the capital to do it.

Named USF1, the team has no physical headquarters or shop yet. Windsor said those things "will become visible as time goes on and as this year unfolds." They also have no drivers or engine agreements.

Windsor said he first told Formula One czar Bernie Ecclestone of his plans in 2006. "We've been in touch ever since and he has been supportive," said Windsor of his contact with Ecclestone.

Although most Formula One teams employ about 1,000 people, Anderson said the USF1 program would employ around 100 full-time workers and contract for technical support from the race support operations and wind tunnels in the Charlotte area.

Anderson said the recession would actually help the team because many components of Formula One cars, including carbon fiber used for chassis, "have become extremely less expensive."

"Forget the $100 million budgets and $30 million contracts for drivers," Anderson said. "Over the next couple years, things are going to change dramatically in Formula One, and that's our period."

The team has already aligned itself with the Speed Channel as, Windsor said, "A TV-led operation."

Copyright 2009 The San Diego Union-Tribune. Distributed By Creators Syndicate Inc.

1358 times read

Related news
Racing veterans filling NASCAR seats by Jane Miller posted on Dec 29,2006

Britain's Lewis Hamilton making history as F1 rookie by Bill Center posted on Jun 15,2007

Britain to ban infant formula ads by UPI posted on Nov 21,2007

Auto Racing: Who has the edge on Tomorrow? by Jane Miller posted on Apr 06,2007

Did you enjoy this article? Rating: 5.00Rating: 5.00Rating: 5.00Rating: 5.00Rating: 5.00 (total 8 votes)

Market Information
Breaking News
Most Popular
Most Commented
Featured Columnist
Horoscope Guide
Aquarius Aquarius Libra Libra
Aries Aries Pisces Pisces
Cancer Cancer Sagittarius Sagittarius
Capricorn Capricorn Scorpio Scorpio
Gemini Gemini Taurus Taurus
Leo Leo Virgo Virgo
Local Attractions
Bend Visitors & Convention Bureau
Bend Visitors & Convention Bureau

Mt. Bachelor Resort
Mt. Bachelor Resort

Les Schwab Ampitheater
Les Schwab Ampitheater

Deschutes County Fairgrounds
Deschutes County

Tower Theatre
Tower Theatre

The High Desert Museum


Deschutes County

  Web    BendWeekly.com
© 2006 Bend Weekly News
A .Com Endeavors, Inc. Company.
All Rights Reserved. Terms under
which this service is provided to you.
Please read our Privacy Policy. Contact us.
Bend Weekly News & Event Guide Online
   Save the Net
External sites open in new window,
not endorsed by BendWeekly.com
Subscribe in NewsGator Online
Add to Google Add to MSN Add to My AOL
What are RSS headlines?