OCTOBER 24, 2002
Gurney's American F1 team on hold
The release went on to say, "The deadline we set for ourselves which was dictated by the amount of time required by Ford Cosworth to put together their engine build and trackside support package, has not been met. We were not prepared to commit to a situation which was not properly funded for at least three years."
It remains to be seen weather Gurney will continue with the plan, and try to enter F1 in 2004.