F1 »

The full FOTA statement

"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.

"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, that 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.

"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."

Statement issued by FOTA on behalf of BMW Sauber, Brawn GP, Scuderia Ferrari, McLaren-Mercedes, Red Bull Racing, Scuderia Toro Rosso, Toyota


Related Pictures

Click on relevant pic to enlarge
F1 team chiefs at a press conference in Geneva to discuss the way forward for Formula One [Pic credit: LAT]
McLaren, 2011 launch, [Credit: Crash PA]
Crash.net 2017 Formula 1 Calendar
Williams, FW40, teaser shot [Credit: Williams Martini Racing]
Michael Schumacher and the 1996 Ferrari F310
Scuderia Toro Rosso STR12 to be unveiled on Feb 26th
Nico Rosberg and Fernando Alonso - Mercedes, McLaren
Antonio Giovinazzi - Ferrari SF15-T
Manor`s 2017 F1 car model [Pic: Twitter]
Manor`s 2017 F1 car model [Pic: Twitter]
Chase Carey, Ross Brawn & Sean Bratches
Juan Pablo Montoya celebrates after winning the 2017 Race of Champions title in Miami [Pic credit: ROC]
Race of Champions 2017, action [Pic credit: ROC]
Juan Pablo Monotya. Race of Champions 2017, action [Pic credit: ROC]
2017 Race of Champions line-up in Miami [Pic credit: ROC]
George Russell, Mercedes junior programme, [Credit: Mercedes]
Kevin Magnussen - Haas F1 Team [credit: Haas F1 Team]
Valtteri Bottas - Mercedes AMG Petronas

Join the conversation - Add your comment

Please login or register before adding your comments.

Although the administrators and moderators of this website will attempt to keep all objectionable comments off these pages, it is impossible for us to review all messages. All messages express the views of the poster, and neither Crash Media Group nor Crash.Net will be held responsible for the content of any message. We do not vouch for or warrant the accuracy, completeness or usefulness of any message, and are not responsible for the contents of any message. If you find a message objectionable, please contact us and inform us of the problem or use the [report] function next to the offending post. Any message that does not conform with the policy of this service can be edited or removed with immediate effect.


LIZZIE - Unregistered

June 19, 2009 7:58 AM

This is the best news for all the fans of technical innovation and real wheel to wheel racing AND best of all I am sure we will have a race in Britain at a price that everyone can afford. Good Luck FOTA.

Kimmy - Unregistered

June 19, 2009 8:06 AM

Brilliant news. For too long, the FIA and Commercial Rights Holder, Max & Bernie, have been slowly destroying the sport so many of us love, constantly stiffling progress and taking the money away from the teams. All strength to the new Series. :) :)



© 1999 - 2017 Crash Media Group

The total or partial reproduction of text, photographs or illustrations is not permitted in any form.