With new regulations and budget limitations for the 2010 F1 season, it was reported that Ferrari and Renault will leave F1. Well now, it's official. F1 is broken. The Formula One Teams Association (FOTA), which includes teams: Ferrari, McLaren, Toyota, Renault, BMW, Brawn, Red Bull, and Toro Rosso, announced that the new rules for the 2010 F1 season, and the 60 million budget cap, doesn't satisfy FOTA, and therefore will leave F1 for 2010 season.
The Fédération Internationale de l'Automobile - International Automobile Federation (FIA), also announced that FOTA teams won't be included in the 2010 F1 Championship. "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."These teams therefore have no alternative other than to commence the preparation for a new Championship which reflects the values of its participants and partners." Therefore, the teams that will be included in next year's championship are: Williams, Force India and eight other teams in the F1 reset series.
This is where the story gets exciting. FOTA also reported that they are starting their own championship season, which be a rival to Formula One. However, FIA claim that FOTA have a contract with FIA Championship until 2012. So back and forth with discussions, Head Of FIA, Max Mosley, has officially filed a suit on FOTA. "The actions of FOTA as a whole, and Ferrari in particular, amount to serious violations of law including willful interference with contractual relations, direct breaches of Ferrari's legal obligations and a grave violation of competition law."
Nevertheless, the sue only lasted for a day. Just now, Mosley announced that FIA has dropped the case with FOTA, and would like to discuss the difficulties that are currently facing F1. "There won't be any writ. I think we would rather talk than litigate," so everyone could "sit down and iron out the last few difficulties." Of course, FOTA teams still hold their decision on capping budgets, and want to create their own championship.
To us, it seems the FIA are on the weak side here. Mosley appears with no certain opinion. Should the FIA drop the new set of regulations, and bring back FOTA as if nothing has gone wrong in F1, OR should FIA kick out FOTA and apply the new rules? Well, we are here to watch, and report.