FIA & FOTA reach agreement to save F1, boot Max in October
Written by Scott Keller · June 24, 2009
Well that was a short war. Cooler heads have prevailed in the shortest split in auto racing to save F1. The FIA announced this morning that they have come to an agreement to bring the FOTA teams back in the fold with plans to phase in cost reductions over the next couple of years. But that’s not all. As part of the agreement, Max Mosely will not stand for re-election of his position this fall.
While I’m sure that certain track promoters are disappointed today, this resolution is probably the best case scenario for everyone. F1 stays intact, and Max is out the door.
UK Whitney Gazette: Formula One row settled
Here is an official statement from the FIA.
FIA STATEMENT 6/24/2009
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 (Constructor)
Scuderia Ferrari Marlboro (Ferrari)
Vodafone McLaren Mercedes (McLaren Mercedes)
BMW Sauber F1 Team (BMW Sauber)
Renault F1 Team (Renault)
Panasonic Toyota Racing (Toyota)
Scuderia Toro Rosso (STR TBA)
Red Bull Racing (RBR TBA)
AT&T Williams (Williams Toyota)
Force India F1 Team (Force India Mercedes)
Brawn GP Formula One Team (Brawn TBA)
Campos Meta Team (Campos Cosworth)
Manor Grand Prix (Manor Cosworth)
Team US F1 (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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Did money speak? I’m sure it did. And can we thank CART’s demise for an excellent example?
As was mentioned before, the FIA had really one simple choice; rid themselves of Max and everything would be fine - for them it was easy.
The power a large international organization gives with that much money, often brings most to a bad place, which Mad Maxine was at.
Bu bye.
We speculated as to this being a bluff, but one that FOTA was prepared to play if sanity did not prevail. I wonder how much this has cost Bernie, they must have bent him over for some amount
So Long Max!