Reports are emerging from the United States’ SPEEDTV that the paddock laughing stock beleaguered USF1 team had actually signed not just one, but two, well-financed wallets drivers to compete in the 2010 season.

Just who is the second driver?

We all knew that José María López had been publically confirmed as one of the team’s signings. His hopes of driving this season have gone belly-up, with rumours afoot that not only has USF1 sought to apply to miss the first four rounds of the 2010 season, but will almost certain apply to defer its entry until the 2011 season.

Had James Rossiter signed with USF1?

The Argentine is now desperately trying to secure either of the sole remaining seats with Campos or the still-to-be-approved Stefan GP, and seemingly making little headway with either in spite of the rumoured $8M in bribes backing he has from the Argentine government his sponsors.

SPEEDTV is now claiming that another driver was already on the team’s books before López’s signing had even occurred. Apparently, before the end of last year the team had secured the services of former Honda test driver James Rossiter, with whom many sources had speculated a link with the team, but it was never made official knowledge. He too was understood to bring some $8M in backing to the team.

It appears that his backers have pulled the pin on the back of the unconvincing assurances from team founders Ken Anderson and Peter Windsor that all was hunky-dory. Rossiter has since been signed alongside Takuma Sato at the IndyCar Series’ KV Racing Team.

This certainly brings into question whether the FIA will grant the team’s allegedly-submitted request to defer its entry by a year, or just revoke the team’s entry altogether.

How a team that had apparently secured some $16M in driver backing – in addition to the tidy sum that YouTube was willing to invest – could still not get off the ground certainly brings into question how organised the team’s campaign was from the start.

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Richard Bailey

Founder & Chief Editor at MotorsportM8
Hasn't missed a Grand Prix since 1989. Has a soft spot for Minardi. Tattooed with 35+ Grand Prix circuits.