USF1 sells off its assets, makes very little



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.
F1 collectors had little to choose from, with a carbonfibre tub of the proposed car being the only real item of note. It raised just $7,850 (£5,260).

The team's trailers had already been sold before the auction, on Ebay. The pair had been bought from the old Brawn GP team and still had the old stickers on from the previous season.

Read Full Story

FROM OUR PARTNERS