[2] The team was fronted by former Haas CNC Racing technical director Ken Anderson and journalist (and former Williams and Ferrari manager) Peter Windsor.

[6] This caused some delays in the planned schedule for production with certain budget caps and technical regulations still under debate at that time that were dropped in the final agreement.

The team announced its plans for a secondary base at Motorland Aragón in Spain[7] to allow simplicity of operations during the European portion of the calendar without transport of materials back to North Carolina.

[4] Windsor later altered that goal, stating that the team might employ more experienced, non-American drivers in their first season to help speed up future development.

[12] On November 21, 2009, Argentine driver José María López announced that he had a conditional deal with the US F1 team to drive in the 2010 season, providing he secured an $8 million sponsorship package.

[19] By mid-February, it was widely reported that the team was in imminent danger of collapse due to financial problems and that Hurley had withdrawn his backing from the project.

[20][21][22] On February 20, Ken Anderson said that the team was asking the FIA if it could miss the first four races of the season and begin at the Spanish Grand Prix.

The personnel claim the team had known it was in trouble as early as December, but it was not until February that Windsor and Anderson were made aware of the danger, when the entire staff unanimously expressed doubts that US F1 would arrive in Bahrain.

On February 24, FIA technical delegate Charlie Whiting inspected the team's facilities in order to assess its readiness for the 2010 season.

[27] On February 26, journalist Adam Cooper reported that Hurley was in discussion with Zoran Stefanović to try and merge US F1 with Stefan Grand Prix – Anderson and Windsor were said to be against the move.

[29] Subsequently, on February 28, it was revealed that Anderson and Hurley had formally asked the FIA to defer their entry until 2011, offering to post a seven-figure bond as proof of their intentions to race.