USF1/Hurley now ask to defer entry to 2011 and willing to place a 'substantial 7-figure' bond to prove intent to race
http://formula-one.speedtv.com/artic...ay-until-2011/
F1: USF1 Asks For Delay Until 2011
Written by: SPEED Staff
SPEEDtv.com
02/28/2010
Charlotte, NC
SPEEDtv.com has learned that the struggling start-up USF1 Formula 1 team has formally petitioned the FIA to defer the team's entry into the sport until 2011.
Team principals Ken Anderson and Chad Hurley have offered to post a “substantial, seven-figure” surety bond as proof of their intentions to race next year.
The request for a deferment follows a breakdown in merger discussions between USF1 and the Spanish Campos Meta team. The Serbian-based Stefan GP team also had made overtures about working with USF1, but those talks also failed to yield anything substantive....
....Contrary to media speculation elsewhere, Hurley is still very much involved in the USF1 effort.
SPEEDtv.com
will continue to follow this story as it develops.