All-American F1 project on hold

Plans for an all-American F1 team have been put on hold, apparently due to the world economic climate and the current uncertainty about the future direction of F1 [Sept 30]. The All American Racers company released a statement yesterday saying: "Despite a concentrated effort by a dedicated group of individuals, efforts to establish an American F1 team with Dan Gurney as the catalyst have not succeeded in the short term

All-American F1 project on hold

"Although the conditions to enter F1 at this particular moment in time are in some ways more favourable than in the recent past - grid spots, engine availability, purchase of existing teams and technology - other circumstances, relating mostly to the economy and the availability of multi-year sponsorship, look less promising than only a short while ago.

"Some uncertainty in the future direction of F1 racing does not help either.

"The deadline we set for ourselves, which was dictated by the amount of time required by Ford Cosworth to put together their engine build and trackside support package, has not been met. We were not prepared to commit to a situation which was not properly funded for at least three years.



"Judging from the response we received since the news of our plan filtered out during the US Grand Prix at Indianapolis, interest in such an endeavour is high among fans, corporations and the motor racing community in general. The vast majority seems to agree that it would be an enormous boost to open-wheel racing in America. An American F1 team would not only be a showcase for American sponsors, but for new American technologies and untapped engineering capability as well.



"Just below the surface, there is enormous pressure to see this happen. It has been a long time since the American public has had a home team to cheer for in Grand Prix racing and, for now, it appears they will have to wait a little longer."

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