FIA and FOTA Reconcile: Max Mosley Not to Stand for Re-Election
The World Motor Sport Council met in Paris today after which the FIA issued a press release that states that the manufacturer teams have agreed to stay faithful to the commercial arrangements for the FIA Formula One World Championship until 2012. They have agreed to renegotiate their contacts; hence there will be no alternative series or championship.
The teams will also reduce the costs of competing in the championship, within two years, to the cost levels of the early 1990s. As part of this agreement, FIA President Max Mosley has decided to not stand for re-election in October. The FIA have also announced the list of teams accepted for the 2010 FIA Formula One World Championship.
Scroll down to read the FIA Formula One World Championship Press Release as well as the list of Formula 1 teams for 2010.
The World Motor Sport Council met in Paris on 24 June 2009. The following decisions were taken:
FORMULA ONE WORLD CHAMPIONSHIP
All currently competing teams have committed to the FIA Formula One World Championship.
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 renegotiate 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.
The following teams have been accepted for the 2010 FIA Formula One World Championship.
TEAM
SCUDERIA FERRARI MARLBORO
VODAFONE McLAREN MERCEDES
BMW SAUBER F1 TEAM
RENAULT F1 TEAM
PANASONIC TOYOTA RACING
SCUDERIA TORO ROSSO
RED BULL RACING
AT&T WILLIAMS
FORCE INDIA F1 TEAM
BRAWN GP FORMULA ONE TEAM
CAMPOS META TEAM
MANOR GRAND PRIX
TEAM US F1
CONSTRUCTOR
FERRARI
McLAREN MERCEDES
BMW SAUBER
RENAULT
TOYOTA
STR TBA
RBR TBA
WILLIAMS TOYOTA
FORCE INDIA MERCEDES
BRAWN TBA
CAMPOS COSWORTH
MANOR COSWORTH
TEAM US F1 COSWORTH
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.
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Comments
Mena
LOL!
The Stig
This article should probably be updated to reflect Mosley's statements as of yesterday......
can
thank you
Dantel Örgü Oyunlar Dersler
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