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Wednesday, June 24, 2009

Agreement reached

An agreement has been reached in Paris to prevent a split and lower costs. In exchange, Max Mosley stands down at then end of his term.

F1 Grand Prix of Great Britain - Race


The relevant part of the FIA press release:

Press Release
World Motor Sport Council
24/06/2009

The World Motor Sport Council met in Paris on 24 June 2009. The following decisions were taken:

FORMULA ONE WORLD CHAMPIONSHIP

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, RED BULL RACING TBA
AT&T WILLIAMS, WILLIAMS TOYOTA
FORCE INDIA F1 TEAM, FORCE INDIA MERCEDES
BRAWN GP FORMULA ONE TEAM, BRAWN TBA
CAMPOS GRAND PRIX, 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.

So, it seems that's it.
A painful split is avoided, and Max is out. Both sides get to claim they got what they wanted. The BBC has a pretty good comprehensive.

Obviously, the details will reveal themselves in time. For now, we can move forward with a good idea this year's champion will get to defend his title, and F1 as we know it continues.


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2 comments:

Anonymous said...

Why do I have trouble with that last part, about Max?
Chris

SpeedRead said...

I certainly don't get any assurance he won't change his mind in October. "I meant to stand down, but the sport needs me."

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