Formula One news

Williams applies for 2010 championship

The Williams team has become the first of the current entries on the grid to submit an entry for the 2010 World Championship. Having discussed ongoing matters with governing body the FIA and fellow competitors in Monaco over the weekend, the team has also raised awareness that a higher budget cap limit has been confirmed.     

With the ongoing FOTA-FIA dispute over the proposed £40m budget cap for 2010 still yet to be officially resolved, the Formula One Teams' Association (FOTA) met with the FIA's Max Mosley and Formula One Management's (FOM) Bernie Ecclestone several times in Monte-Carlo with the target of abolishing any possibilities of a 'two-tier' World Championship next year.

Williams chief executive Adam Parr

"The unity of FOTA is of paramount importance to Williams," team chief executive Adam Parr told Reuters, as the team's decision to enter for next season raises the percentages that an agreement has been found between teams and the FIA "Yesterday we joined the other members of FOTA in writing to the FIA to request a continuing effort to find a compromise concerning the regulations for 2010."

Believes FOTA's leadership of Luca di Montezemolo and John Howett has 'extracted some very significant concessions from the FIA,' Parr spoke of his team's position from its Grove headquarters, hinting that a higher budget cap has been established.

"Williams has - and has always maintained - that we have a binding contract with both FOM and the FIA to participate in the world championship from 2008 to 2010. We have been paid in full for our participation and we feel both morally and legally obliged to make it clear that we will participate in Formula One in the future as we have in the past 30 years.

"We owe this to our employees, our sponsors and the fans, all of whom are affected by statements that the teams may not enter next year's championship."

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