The FIA has banned US F1 from participating in any of its competitions after it failed to appear at the first round of the season in Bahrain.
US F1 were also handed a fine of ?óÔÇÜ?¼309,000 (?é?ú254,000), which is the same as the entry fee they paid to join the world championship, and ordered to pay the costs of the FIA’s inquiry.
However as the team closed down in March and its assets have been sold at auction it may be unable to pay.
The FIA’s investigation (see PDF here) reveals US F1 committed to entering F1 on December 3rd 2008 (the day before Honda withdrew from the sport). Their explanation for why they did not was as follows:
US F1 claims that the conflict between the FIA and FOTA and the threat of a breakaway series, the delay in the 2010 Regulations and the delay in the signing of the 2009 Concorde Agreement left too little time to implement the sponsorship programme and accordingly no sponsorship agreements were entered into.
The FIA rejected that team’s defence that. US F1 sought to blame a “negative media statement” from Formula One Management in September last year for making it harder to obtain sponsorship, which the FIA also dismissed.
Read more: US F1 officially out of Formula 1