Why start from scratch when teams are for sale?

A new Formula One team is under wraps in America and set to be launched officially later this month, it is reported on Wednesday.

The team, whose logo can be previewed at ‘usf1.com’, is fronted by F1 stalwart and broadcaster Peter Windsor, and American Ken Anderson, of IndyCar and NASCAR fame but also former Ligier Technical Director.

Briton Windsor, 56, has worked for Williams and Ferrari, but is best known today as a television pundit and writer.

The German website motorsport-total.com claims USF1 intends to make its Grand Prix debut in 2010, and already has the blessing of F1 Chief Executive Bernie Ecclestone.

The team will have the slogan ‘Made In America’ and be headquartered in the heart of NASCAR-country in Charlotte, North Carolina.

Reportedly, an agreement to use the new Windshear wind tunnel in North Carolina is already in place, while USF1 intends to be a showcase for American technology and US-born drivers.