HOLY CRAP The Formula One Teams' Association announced on Thursday night that it is setting up a breakaway championship. Following a four hour meeting at Renault's Enstone factory, the eight members of FOTA - Ferrari, McLaren, Renault, BMW, Toyota, Brawn, Red Bull and Scuderia Toro Rosso - said they had grown frustrated with the FIA's stance against the organisation, and had no option but to create a series of their own. "The teams cannot continue to compromise on the fundamental values of the sport and have declined to alter their original conditional entries to the 2010 World Championship," said a statement issued by FOTA after the meeting. "These teams therefore have no alternative other than to commence the preparation for a new Championship which reflects the values of its participants and partners. This series will have transparent governance, one set of regulations, encourage more entrants and listen to the wishes of the fans, including offering lower prices for spectators worldwide, partners and other important stakeholders. "The major drivers, stars, brands, sponsors, promoters and companies historically associated with the highest level of motorsport will all feature in this new series." F1 teams were given until Friday evening to remove the conditions attached to the provisional entries they posted earlier this month, or risk being left off the grid in 2010. FIA president Max Mosley wrote to the teams yesterday offering them some of the concessions that they wanted to see regarding governance of the sport, but made it clear that he was sticking to plans for the introduction of a budget cap. In his letter, Mosley also urged the teams to sign up to the championship before sorting out the final version of the regulations and a redrafted Concorde Agreement. In response to that letter, the teams met at Renault's Enstone headquarters on Thursday evening for lengthy talks, where they finally decided that there was no way a compromise deal could be reached with the FIA. The teams expressed frustration that their efforts to try and improve F1 had been rebuffed by the governing body and the sport's commercial rights holder. "Since the formation of FOTA last September the teams have worked together and sought to engage the FIA and commercial rights holder, to develop and improve the sport," said the statement. "Unprecedented worldwide financial turmoil has inevitably placed great challenges before the F1 community. FOTA is proud that it has achieved the most substantial measures to reduce costs in the history of our sport. "In particular the manufacturer teams have provided assistance to the independent teams, a number of which would probably not be in the sport today without the FOTA initiatives. The FOTA teams have further agreed upon a substantial voluntary cost reduction that provides a sustainable model for the future. "Following these efforts all the teams have confirmed to the FIA and the commercial rights holder that they are willing to commit until the end of 2012. "The FIA and the commercial rights holder have campaigned to divide FOTA. "The wishes of the majority of the teams are ignored. Furthermore, tens of millions of dollars have been withheld from many teams by the commercial rights holder, going back as far as 2006. Despite this and the uncompromising environment, FOTA has genuinely sought compromise." The announcement by FOTA looks certain to overshadow the British Grand Prix, which takes place at Silverstone for the final time this weekend and which Mosley is expected to attend tomorrow. With FOTA's stance now seemingly leaving no room for a deal possible, its likely that more new teams will be added to the FIA's 2010 Formula 1 entry list. The inclusion of Ferrari, Red Bull Racing and Scuderia Toro Rosso on that roster remains open to debate, however, with the FIA claiming that the teams committed themselves to F1 in a deal agreed several years ago.
Ha ha there is a program on TV now interviewing Max about his sex life it's brilliant.. He is lying through his scum bag teeth. He wants prison for the ones that stitched him up, and the papers that reported it, the reporter said he would know all about the prison aspect LMAO.
Absolutely killer news ! To hell with BernieMax's imposed money squeeze because they sold their soul to FOM. Thats their problem and now it really is. FIA will fall into line when its has to make the choice between FOM and the REAL F1 which is, has been, and always will be the teams. It may be painful at first but this is the best long term thing for F1. Worst case scenario is that FOM/Bernie Max will blink and have to capitulate. F1 can live without them. It cannot live without the Teams. Williams in the part of Judas should be left behind. Sorry. Dont know where Force India stood. It is all about the money. FOM/FIA/BernieMax getting > 50% for what little they do is an atrocity. Now about to be resolved.
Better late than never. Lets hope they follow through... I can't see FOTA caving with MaXXX Motley having any role... I only hope the Albino Pygmy with the Warhol haircut is out of the sport as well...
Thats what I was thinking. VS Force India and all the newcomers. FOM better have big reserves to bankroll all of them for a full grid. I'll watch just to see the train wreck. And I'll be watching the real F1 (FOTA) to see actual racing.
Long winded way of saying "no contract without settling the terms first". This, of course, doesn't mean there really will be a break-away series. The ball is now in FOM's court. They've been told they have to settle the terms before the teams will sign on the line. And that they'd walk before accepting the "sign then complain to the hand" proposal. If Max is suicidal enough to drop the "five" teams from the 2010 list after Friday, then there really would be a break-away. Unless Bernie then ejected Max and repudiated such a list. "Call and raise". --- Actually, if Max now issues a 2010 teams list without the conditional teams, then he might be popular at Silverstone ---- --- F1 says it isn't coming back there, and Max would have caused a new series that might.
I wonder how they will get a new series for next year. That seems like a big job and now it is short on time. I hope they come back to Montreal or Indy. I hear what is said but somehow I still don't believe it.
Or better yet just walk away from the table and start your own game. When the house gets 50% you can only loose.
