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US F1 auction raises $1.4m

ESPNF1 Staff
June 17, 2010 « Webber predicts two-way fight for title | »
US F1's factory when it was still in operation © USF1
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The auction of the US F1's assets has raised $1.4 million for its creditors.

US F1 was supposed to be Formula One's 13th team this year but ultimately failed to raise the funds to successfully build a car and make the first race in Bahrain. With a queue of creditors to pay off, the entire contents of the American outfit's Charlotte headquarters went under the hammer last week.

Among the 427 lots - including bins, computers, tools, a vacuum cleaner, a forklift, a barbeque, a wheel rim and an unopened bottle of champagne - was a carbon fibre mock-up of the unraced chassis, which sold for $7,850.

© ESPN Sports Media Ltd.

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