Formula One Teams Association prepares for the next Season
August 22, 2009Jonny No Comments »
Last Thursday night, Formula One Teams Association (FOTA) spent a few hours of deliberation at Enstone headquarters near Renault. 
After a few hours, the FOTA bosses announced to the FIA and other right holders about their commitment till the end of 2012.
Despite their commitment, FOTA made known that most of the concerns raised by the majority of the teams have been set aside and ignored. FOTA will not bend the long-time values of the sport. They also refuse to revise the provisional entries they made for the 2010 World Championship.
In addition to these, the commercial rights holders have been holding millions of dollars from several F1 teams since 2006.
FOTA confirmed that they are preparing for a brand new Championship, one that will reflect the fundamental values of the sports, the participants, and the partners. The said series will have a single set of rules, transparent governance, relative lower prices for the fans and spectators around the world, as well as the stakeholders and event partners.
Moreover, the sports’ most renowned drivers, brands, sponsors, promoters, and partners will all be included in the new series.
While FOTA’s plans of a new series are still in the works, only BMW, Renault, Toyota, Brawn and McLaren have listed on the FIA list for the 2010 F1 season. Red Bull’s two teams, as well as famed Ferarri, are said to follow the present agreements.
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