F1 » F1 teams' association (FOTA) is disbanded

The Formula One Teams' Association (FOTA) has been disbanded "in the face of a changing political and commercial landscape in Formula 1"

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March 01, 2014 3:15 PM

cut and pasted...

Christian Horner's team shattered the unity of FOTA by making their own deal with Bernie under a new Concorde Agreement (the financial agreement that determines who gets the money in F1). It was a calculated move by Ecclestone, because Ferrari has always maintained its position as the premier F1 team, both in results and its historical importance, not forgetting its huge worldwide fanbase.

Luca Montezemolo had allowed Ferrari to be picked off first in commercial negotiations with Bernie in the past, but this time round he had maintained unity. Montezemolo had been instrumental in setting up FOTA and was its first chairman. But in the face of this young team coming in and getting special treatment, Montezemolo reverted to his natural instinct, quitting FOTA and making his own preferential deal with Bernie, and taking his chihuahua, Sauber, with him.

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