Teams throw F1 into disarray
Posted 1 hour 12 minutes ago
Updated 41 minutes ago
The association representing F1 teams says it will set up its own competition (file photo). (Getty Images: Paul Gilham)
Formula One has been thrown into disarray days ahead of the British Grand Prix, with the Formula One Teams Association (FOTA) announcing it will set up a rival championship to that organised by the sport's governing body.
The Geneva-based FOTA - which consists of McLaren-Mercedes, BMW Sauber, Renault, Toyota, Brawn GP, Ferrari, Red Bull and Toro Rosso - have been opposed to FIA's plans to introduce rule changes over a proposed budget cap for next season and other plans for the future of the sport.
Williams and Force India, however, have accepted the new framework, along with the three new teams - USF1, Campos and Manor.
However, in a statement from FOTA the rebel teams make it clear that they are ready to launch a breakaway as of the next campaign.
"It has become clear that the stables cannot continue to make compromises on the fundamental values of the sport," the statement said.
"They have refused to modify the conditions regarding their signing up to the 2010 world championship.
"The teams have no other alternative but to begin to prepare for a new championship which reflects the values of the competitors and their sponsors.
"This series will have a transparent governing body, one single set of rules, it would encourage new entrants, would willingly listen to the fans wishes, which includes lower admission prices throughout the world, for the sponsors and major shareholders."
The stage is set for a legal battle, with the International Automobile Federation (FIA) saying champion Ferrari and the two Red Bull teams have existing contracts which commit them to the existing championship.
The FIA had set a Friday deadline for five teams - Brawn, BMW-Sauber, McLaren, Renault and Toyota - to convert their provisional entries into unconditional ones or risk being excluded.
There was no immediate comment on the latest development from the FIA or Formula One's commercial supremo Bernie Ecclestone.
-AFP/Reuters
Teams throw F1 into disarray - ABC News (Australian Broadcasting Corporation)
I don't think it'd be such a bad thing.