FOTA teams submit entry


So, is everything again back to normal at F1? Looks like it. The FOTA teams today have all submitted F1 entries for 2010. The FOTA said, however, that their entries were conditional on a new Concorde Agreement being signed by all parties before 12th June.

The threat of Ferrari, Toyota, Red Bull and Renault appears to be over.

The statement reads:

“FOTA confirms all its members’ long-term commitment to be involved in the FIA Formula One World Championship and has unanimously agreed further and significant actions to substantially reduce the costs of competing in the championship in the next three years, creating a mechanism that will preserve the technological competition and the sporting challenge and, at the same time, facilitate the entry in the F1 Championship for new teams.

“These measures are in line with what has already been decided in 2009 within FOTA, achieving important saving on engines and gearboxes.

“All FOTA teams have entered the 2010 championship on the basis that:

“1) The Concorde Agreement is signed by all parties before 12th June 2009, after which all FOTA teams will commit to competing in Formula One until 2012.

“The renewal of the Concorde Agreement will provide security for the future of the sport by binding all parties in a formal relationship that will ensure stability via sound governance.

“2) The basis of the 2010 regulations will be the current 2009 regulations, amended in accordance with proposals that FOTA has submitted to the FIA.

“All FOTA teams’ entries for the 2010 FIA Formula One world championship have been submitted today on the understanding that (a) all FOTA teams will be permitted to compete during the 2010 Formula One season on an identical regulatory basis and (b) that they may only be accepted as a whole.

“All FOTA teams now look forward with optimism to collaborating proactively and productively with the FIA, with a view to establishing a solid foundation on which the future of a healthy and successful Formula One can be built, providing lasting stability and sound governance.”

Meanwhile, Prodrive and Lola have also submitted for 2010 entry.

All in all, it seems that Max Mosley has finally backed down on his weird vision! Can he now let the racing continue in peace?

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