At last common sense has prevailed and one F1 championship will take place next year instead of a division taking place amongst the current teams. At a meeting between
Following a meeting of the governing body’s World Motor Sport Council in Paris, the Formula One Teams’ Association (FOTA) dropped plans to form a breakaway championship in exchange for concessions from the FIA over cost-cutting and governance.
As part of the deal the FIA current president Max Mosley will stand down when his current term of office ends in October. He had signaled on Tuesday that he would seek re-election if what he saw as FOTA’s threat to the governing body’s authority persisted.
There will be no alternative series or championship and the rules for 2010 onwards will be the 2009 regulations as well as further regulations agreed prior to 29 April 2009.
As part of this agreement, the teams will, within two years, reduce the costs of competing in the championship to the level of the early 1990s. The manufacturer teams have agreed to assist the new entries for 2010 by providing technical assistance.
The manufacturer teams have further agreed to the permanent and continuing role of the FIA as the sport’s governing body. They have also committed to the commercial arrangements for the FIA Formula One World Championship until 2012 and have agreed to renegotiate and extend this contract before the end of that period.
All teams will adhere to an upgraded version of the governance provisions of the 1998 Concorde Agreement.
The following teams have been accepted for the 2010 FIA Formula One World Championship.
Team
SCUDERIA FERRARI MARLBORO
VODAFONE McLAREN MERCEDES
BMW SAUBER F1 TEAM
RENAULT F1 TEAM
PANASONIC TOYOTA RACING
SCUDERIA TORO ROSSO
RED BULL RACING
AT&T WILLIAMS
FORCE INDIA F1 TEAM
BRAWN GP FORMULA ONE TEAM
CAMPOS META TEAM
MANOR GRAND PRIX
TEAM US F1
