Cypher Squad has give details that the groups, which would be F 1’s first from the United States should it ultimately make the grid, would be based in North Carolina; however, it does stress that the project remains in a beginning phase.
“We will only place a full application should we achieve fully the budget we believe is required to do this properly,” a Cypher Group spokesperson said to GPUpdate.net on Wednesday evening.
Although we have some ex US F1 members in our mix, Cypher Group was not born of disgruntled ex US F1 employees. Cypher Group and its international members simply saw the potential of a US-based F1 team, the disappointment of the fans and the dreams of many young American engineers of having a home team. Hence we wish to give America the shot it deserves.
“Again we recognize that the time frame is not ideal, however we feel it has to be done now, due to the availability of a grid slot. But as we have stated, we will not submit a full entry unless we can fully achieve the budget we believe is required to do this properly.”