Formula 1 news
FIA/FOTA compromise ends breakaway threat
24 June 2009FIA president Max Mosley has confirmed from Paris that there will be a unified Formula One World Championship next season after the governing body managed to complete a cost-cutting deal with the eight FOTA (Formula One Teams Association) teams which threatened to form a rival series next season.
After the teams in question (all current entrants bar Williams and Force India) announced a breakaway series last Friday, the two parties met at FIA headquarters on Wednesday for looked to be the final discussions regarding the matter.
With the FIA having previously resisted an objection to a budget cap and FOTA stressing that annual costs could not be cut to €45m, an announcement on Wednesday has brought an end to the issue, which threatened to divide the sport. "There will be no split," Mosley confirmed, also adding that he will not be standing for re-election at the end of his current term.
"We have agreed to a reduction of costs. There will be one F1 championship but the objective is to get back to the spending levels of the early 90's within two years."
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- 07 Feb.
- 06 Feb.
- 05 Feb.
- Ralf Schumacher in talks with Stefan GP
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more news
| Max Mosley news | |
|---|---|
| 07 Jan. | Mosley pushing for FIA appeal over Briatore |
| 21 Dec. '09 | Briatore and Mosley in war of words |
| 21 Oct. '09 | FIA election: The voting system |
| 16 Oct. '09 | FIA demands: Honest and open elections |
| More Max Mosley news, Photos | |
| FIA news | |
| 09 Feb. | FIA considering team manager licences |
| 09 Feb. | Teams can miss three races, confirms Todt |
| 02 Feb. | Less tyres available to drivers in 2010 |
| 02 Feb. | Top ten to start races with qualifying tyres |
| , Photos | |
| FOTA news | |
| 02 Feb. | New points system given nod by teams |
| 02 Feb. | Teams agree to ban double diffusers |
| 25 Jan. | Teams agree to modify points again |
| 19 Jan. | Whitmarsh becomes FOTA Chairman |
Test Schedule
| 01 Feb. | 
Valencia |
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| 02 Feb. |
Valencia |
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| 03 Feb. |
Valencia |
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| 04 Feb. | 
Silverstone |
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| 05 Feb. |
Silverstone |
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| 10 Feb. |
Jerez |
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| 11 Feb. |
Jerez |
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| 12 Feb. |
Jerez |
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| 13 Feb. |
Jerez |
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| Full Formula 1 test schedule | ||
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