Formula One: Why StefanGP Were Rejected

Developments in recent days have come as a shock to many, but to some very predictable.

For a while now there has been major doubts over the new teams. Lotus and Virgin, (Formally Manor) made it to at least one major test before the opening race in Bahrain and seem good to go for the whole season, however USF1 and Campos failed to make any test with major doubts over funding hanging over them.

Campos seem to have found themselves a backer in José Ramón Carabante who has taken a majority stake within the team. That has led to a name change from Campos to Hispania Racing and an unveiling of the car, less than two weeks before the first race.

USF1 however, ceased to exist on Tuesday as the workers at the Charlot...

Read Complete Article at Bleacher Report - Motorsports
Article is property of BleacherReport.com