Formula 1 to break up

[Capt Pat]

From the BBC website

Formula One has been thrown into chaos with the news that the Formula One Teams Association (Fota) plan to set up a rival championship in 2010.

World motorsport boss Max Mosley had written to five of the potential breakaway teams in a bid to end the bitter row over budget cap proposals.

But the appeal of the FIA chief does not appear to have had any impact.

Following a four-hour meeting, Fota announced that it had grown frustrated with the stance of Mosley and the FIA.

"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," said a Fota statement.

"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.

"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."


This is a bit of a mess, the head of formula 1 said to them if you don't like it go and set up your own competition. So they did, I think this breakaway group includes Ferarri the standard bearer for formula 1.