F1 »

FIA statement on WMSC meeting and final 2010 F1 entry list

The FIA has released a statement following the World Motor Sport Council (WMSC) meeting in Paris yesterday (Wednesday) that saw an eleventh-hour deal brokered between F1's governing body and the Formula One Teams' Association (FOTA) rebels that averted the threat of a manufacturer-spearheaded breakaway series.

As part of the agreement reached, Mosley's controversial and largely unpopular budget cap initiative has been scrapped in favour of a more manageable and gradual means of cost-cutting to bring spending levels back to what they had been in the early-1990s, leading to significantly reduced budgets by 2011.

The Englishman was also forced to back down on his push to see all competitors pledge their future to the top flight until the end of the 2014 campaign, with the renewed commitment to the Concorde Agreement set to expire two years earlier than that, in 2012.

It is understood that lawyers for F1's commercial equity owners CVC had travelled to Silverstone over the weekend of the British Grand Prix to urge both warring sides that a resolution was in everybody's interests.

“This for me is an enormous relief,” Mosley admitted after the announcement that peace had been made, alluding also to the 'personal difficulties' he has faced of late.

'All currently competing teams have committed to the FIA Formula One World Championship,' read the FIA statement. '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 re-negotiate 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. In view of this new agreement and with the prospect of a stable future for Formula One, FIA President Max Mosley has confirmed his decision not to stand for re-election in October this year.'

The final 2010 entry list is as follows:

Ferrari
McLaren-Mercedes
BMW-Sauber
Renault
Toyota
Scuderia Toro Rosso
Red Bull Racing
Williams
Force India
Brawn GP
Campos
Manor
Team US F1



Related Pictures

Click on relevant pic to enlarge
FIA flag. British Formula One Grand Prix.Silverstone, UK.July 8th 2007.
Who will replace Nico Rosberg at Mercedes?
Who will replace Nico Rosberg at Mercedes?
French Grand Prix at Paul Ricard
Lando Norris, McLaren Autosport BRDC Awards [Credit: Martyn Pass PR]
Kimi Raikkonen tests the 2017 F1 tyres in Abu Dhabi [credit: Pirelli]
Lewis Hamilton tests the 2017 F1 tyres in Abu Dhabi [credit: Pirelli]
Daniel Ricciardo tests the 2017 F1 tyres in Abu Dhabi [credit: Pirelli]
Kimi Raikkonen tests the 2017 F1 tyres in Abu Dhabi [credit: Pirelli]
Lewis Hamilton, Mercedes, Pirelli 2017 tyre test [Credit: Pirelli]
27.11.2016 - Race, Celebration, 2nd place Nico Rosberg (GER) Mercedes AMG F1 W07 Hybrid and Champion 2016 and Lewis Hamilton (GBR) Mercedes AMG F1 W07 Hybrid race winner
27.11.2016 - Race, Celebration, 2nd place Nico Rosberg (GER) Mercedes AMG F1 W07 Hybrid and Champion 2016 and Lewis Hamilton (GBR) Mercedes AMG F1 W07 Hybrid race winner
27.11.2016 - Race, Celebration, 2nd place Nico Rosberg (GER) Mercedes AMG F1 W07 Hybrid and Champion 2016 and Lewis Hamilton (GBR) Mercedes AMG F1 W07 Hybrid race winner
27.11.2016 - Race, Celebration, 2nd place Nico Rosberg (GER) Mercedes AMG F1 W07 Hybrid and Champion 2016 and Lewis Hamilton (GBR) Mercedes AMG F1 W07 Hybrid race winner
27.11.2016 - Race, Celebration, 2nd place Nico Rosberg (GER) Mercedes AMG F1 W07 Hybrid and Champion 2016 and Lewis Hamilton (GBR) Mercedes AMG F1 W07 Hybrid race winner
27.11.2016 - Race, Celebration, 2nd place Nico Rosberg (GER) Mercedes AMG F1 W07 Hybrid and Champion 2016 and Lewis Hamilton (GBR) Mercedes AMG F1 W07 Hybrid race winner
27.11.2016 - Race, Celebration, 2nd place Nico Rosberg (GER) Mercedes AMG F1 W07 Hybrid and Champion 2016 and Lewis Hamilton (GBR) Mercedes AMG F1 W07 Hybrid race winner
27.11.2016 - Race, Celebration, 2nd place Nico Rosberg (GER) Mercedes AMG F1 W07 Hybrid and Champion 2016 and Lewis Hamilton (GBR) Mercedes AMG F1 W07 Hybrid race winner

Start 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.




© 1999 - 2016 Crash Media Group

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