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The New Formula One? Eight Teams Ditch F1 To Form New Championship

Posted in Fast Cars, Ferrari, Formula 1, General, Press Release, Racing by Nathan Redden | June 22nd, 2009 | Leave a Reply |

Max Mosley

The eight teams that make up the Formula One Teams Association, or FOTA, have decided to break away from F1 and more specifically, Max Mosley. Ferrari, Toyota, BMW Sauber, Torro Rosso, Red Bull Racing, Renault, McLaren and Brawn GP have collectively decided to create their own championship series for next year. Disagreements centered around Mosley’s proposed voluntary budget cap of £40 million. After all, who wants to see space-age prototype engines flying around the track at 400 mph? This guy, that’s who. Click through for a peek into what may become the new F1.

No doubt, a new “super unlimited class” of competitors would put asses in seats like never before. What Mad Max thought was a bluff turned out to be the gutting of F1 as we know it. With only Williams and Force India left after the split, Ecclestone is left without all the rock stars. The fans will follow the big names and the cutting-edge FOTA championship will become the new F1 with a different name.

Official FOTA statement:

“Since the formation of Fota last September the teams have worked together and sought to engage the FIA and commercial rights holder (Bernie Ecclestone), to develop and improve the sport.”
“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.

“It has become clear, however, 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.”

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,” added the statement.

“The major drivers, stars, brands, sponsors, promoters and companies historically associated with the highest level of motorsport will all feature in this new series.”

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