F1 teams to set up rival series

F1 teams to set up rival series

Postby rogerthornhill » Fri Jun 19, 2009 12:12 am

This is on the BBC site -

F1 teams to set up rival series

Mosley's stance has angered the majority of F1 teams
Formula One has been thrown into chaos after the Formula One Teams Association (Fota) carried out its threat to set up a rival championship in 2010.

Eight of F1's major teams have been frustrated by deadlocked talks with world motorsport boss Max Mosley over his controversial budget cap proposals.

"The teams have declined to alter their original conditional entries to the 2010 F1 Championship," said the teams.

"We've no alternative than to commence preparation for a new championship."

Mosley was insistent on introducing a voluntary £40m budget cap for teams to curtail a "financial arms race" in F1.

But Fota refused to agree to his conditions, prompting championship leader Brawn GP, Ferrari, McLaren, Renault, Toyota, BMW Sauber, Red Bull Racing and Toro Rosso to take their drastic action.

Only Williams and Force India have agreed to take part in the existing F1 championship next year.

Fota took its momentous decision following a four-hour meeting on Thursday night.

"Since the formation of Fota last September the teams have worked together and sought to engage the FIA and commercial rights holder (Bernie Ecclestone), to develop and improve the sport," read a Fota statement.

"Unprecedented worldwide financial turmoil has inevitably placed great challenges before the F1 community.

"Fota is proud that it has achieved the most substantial measures to reduce costs in the history of our sport.

"In particular, the manufacturer teams have provided assistance to the independent teams, a number of which would probably not be in the sport today without the Fota initiatives.

"The Fota teams have further agreed upon a substantial voluntary cost reduction that provides a sustainable model for the future.

"Following these efforts, all the teams have confirmed to the FIA and the commercial rights holder that they are willing to commit until the end of 2012.

The teams cannot continue to compromise on the fundamental values of the sport and have declined to alter their original conditional entries to the 2010 world championship

Fota statement
"The FIA and the commercial rights holder have campaigned to divide Fota.

"The wishes of the majority of the teams are ignored. Furthermore, tens of millions of dollars have been withheld from many teams by the commercial rights holder, going back as far as 2006.

"Despite this, and the uncompromising environment, Fota has genuinely sought compromise.

"It has become clear, however, the teams cannot continue to compromise on the fundamental values of the sport and have declined to alter their original conditional entries to the 2010 world championship."

The statement added: "This series will have transparent governance, one set of regulations, encourage more entrants and listen to the wishes of the fans, including offering lower prices for spectators worldwide, partners and other important stakeholders.

"The major drivers, stars, brands, sponsors, promoters and companies historically associated with the highest level of motorsport will all feature in this new series."

http://news.bbc.co.uk/sport1/hi/motorsp ... 108488.stm
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Re: Fomula One season 2009 chat

Postby Fordy » Fri Jun 19, 2009 5:08 am

its just been on the news that they will not be in f1 next season, this as been coming for years the people who run f1 are the biggest set of dicks ever
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Re: Fomula One season 2009 chat

Postby rogerthornhill » Fri Jun 19, 2009 9:20 am

Fordy wrote:its just been on the news that they will not be in f1 next season, this as been coming for years the people who run f1 are the biggest set of dicks ever


Absolutely correct, Ecclestone and Mosley are a right pair of dimwits, they seem to have completely lost touch with reality. If they want F1 to continue they should stand down immediately and let some competent people take charge. If there is a new championship then it will in reality be F1. As for what will be left of the present F1 we could sit back and enjoy seeing those two muppets make even bigger fools of themselves.
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Re: F1 teams to set up rival series

Postby Cheese » Fri Jun 19, 2009 9:30 am

I want the budget cap but i also want to see the likes of Ferrari, McLaren and BMW racing. I think i'd rather watch a load of independant teams racing because of their love for racing rather than the big guns racing to sell cars and the name.
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Re: F1 teams to set up rival series

Postby damo1583 » Fri Jun 19, 2009 9:32 am

WTF.........

How the hell has the FIA let this happen, Yes we are in a recession but if these teams want to spend what ever money they have then thats part of the competition.........

Incompetent twats are ruining one of the finest sports around........

And i hope this doesent f**k Jensons championship up!
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Re: F1 teams to set up rival series

Postby rogerthornhill » Wed Jun 24, 2009 1:41 pm

This is on the BBC's website -

An agreement has been reached between Formula 1's governing body and the teams to prevent a breakaway series, says FIA president Max Mosley. The two parties had been engulfed in a bitter row over planned budgetary and technical changes for the 2010 season.

But it appears a resolution has now been found and, as part of the deal, Mosley has agreed not to stand for re-election as president. "There will be no split. We have agreed to a reduction of costs," added Mosley.

"There will be one F1 championship but the objective is to get back to the spending levels of the early 90s within two years." F1 surpremo Bernie Ecclestone added that he is "very happy common sense has prevailed", following a meeting of 120 members of the FIA in Paris aimed at resolving the crisis.

And Ferrari chief president Luca di Montezemolo, head of The Formula 1 Teams Association, added: "I think the decisions we have shared this morning are important. We will have the rules of 2009, same rules for everybody. "It means that we have stability."

Ahead of the meeting, Mosley had insisted that he would not step down as part of any potential agreement and might even seek re-election as head of world motor sport. He hit out at what he described as "wholly unjustified criticism" of the FIA, adding: "It is for the FIA membership, and the FIA membership alone, to decide on its democratically elected leadership, not the motor industry and still less the individuals the industry employs to run its Formula 1 teams."

However, it appears Mosley has now agreed to move aside when his fourth term as FIA president ends in October, saying: "I will not be up for re-election, now we have peace." Furthermore, writs that had been threatened against Ferrari and the other teams in the Formula 1 Teams Association (Fota) - McLaren, BMW Sauber, Renault, Toyota, Red Bull Racing, Toro Rosso and Brawn GP - are likely to be shelved.

The agreement ends two months of wrangling since Mosley announced after a World Council meeting at the end of April that a voluntary £40m budget cap would be imposed from next season - a plan that prompted a rebellion from eight teams, with Fota announcing on Thursday they were planning a rival series.

BBC sports news correspondent James Munro

But the new agreement ends that threat, while still maintaining the "financial viability" of teams which had been targeted with the initial cap, said Mosley. As part of the agreement, existing teams must help new outfits with their engines and chassis.

"It's come as a bit of a surprise, given that Fota were planning to meet in Bologna on Thursday to discuss their plans for the breakaway championship," reported BBC sports news correspondent James Munro from Paris. "But what we got today after a meeting of World Motorsport Council was an impromptu press conference and Mosley began by saying there will be no split, there will be one championship.

"He said that over the course of the negotiations he had been able to secure guarantees from the teams who were threatening to break away that they would try to reign back the levels of their spending to the levels they were spending in the early 90s.

"It was him that had come up with the idea that next season all teams would have a budget cap of about £40m, but there has clearly been a trade-off as he has also agreed to do what he says was always the plan - stand down as president of the FIA this October."

It is not the first time Mosley has promised to stand down as FIA president, however. In June 2004, Mosley announced then he would stand down from his position in October of that year - only to rescind his decision a month later and secure re-election.

http://news.bbc.co.uk/sport1/hi/motorsp ... 116756.stm
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Re: F1 teams to set up rival series

Postby gzagee » Wed Jun 24, 2009 9:04 pm

Good! Mosley's a senile, perverted, old Sado Masochist!
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