USF1 sells off its assets, makes very little

Tom Webster

The remains of failed Formula 1 team USF1 are slowly disappearing as a large amount of the old company's assets have been auctioned off.

The asset sale brought in a total of $1.4m (£950,000) for the company's creditors, with items such as bins, computers, a wheel rim and an unopened bottle of champagne all being sold.