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New ‘F1 Teams Association` created.

The new Formula One Teams Association was established today [Thursday], following a meeting at Maranello between all those involved in the sport.

All ten teams' bosses attended the gathering at Ferrari's HQ ahead of this weekend's Hungarian Grand Prix and the summit was also attended by F1 boss, Bernie Ecclestone and CVC rights holder Donald McKenzie.

A statement published by the Scuderia confirmed that the talks were 'extremely constructive' and that the new body, FOTA, will now begin working with the FIA and FOM - Formula 1 Management - to conclude a new Concorde Agreement.

The release from Ferrari added:

"The teams have subsequently agreed unanimously that they will establish the new Formula 1 Teams Association to work with the FIA and FOM to agree upon regulations and commercial conditions which will provide a framework for a strong and dynamic sport."


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THE HAMILTRON - Unregistered

July 29, 2008 8:13 PM

Ok, so that's what we'll get. The manufacturers will team up with the Businessmen (Bernie) and manoevre the FIA out, creating an independent F1 with all commercial purposes. This might be pretty clever really. In the wake of MM's little scandal they no longer have to threaten to form a breakaway series, they can just go for mutiny. I see no other way to interpret this. This meeting and organisation means the teams agree. But is it good or bad? Who knows. Still, F1 is a very conservative sport and it is possible they settle with teaming up against the FIA to produce a new Concorde agreement that suits Bernie and teams better. I also think this shows that Max is now completely powerless.

rich ard

July 29, 2008 9:17 PM

surley working within a sports organisation is preferable to working in a F1 circus with BE as the ringmaster. but i do see that they say that they will work with the fia, but will they listen to it. will the rules now be dictated by fota? BE is best friends with MM, so this move is a litle puzzling. maybe BE was afraid of losing control and this is a sop to the manufacturers who would otherwise have formed their own series. it will be interesting to see how tis pans out.



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