F1: FOTA to launch breakaway series

**overdrayv** · June 19th, 2009 10:51 AM

FOTA UNITED ON THE FUTURE

Silverstone, 18 June 2009 - Since the formation of FOTA last September the teams have worked together and sought to engage the FIA and commercial rights holder, to develop and improve the sport.

Unprecedented worldwide financial turmoil has inevitably placed great challenges before the F1 community. FOTA is proud that it has achieved the most substantial measures to reduce costs in the history of our sport.

In particular the manufacturer teams have provided assistance to the independent teams, a number of which would probably not be in the sport today without the FOTA initiatives. The FOTA teams have further agreed upon a substantial voluntary cost reduction that provides a sustainable model for the future.

Following these efforts all the teams have confirmed to the FIA and the commercial rights holder that they are willing to commit until the end of 2012.

The FIA and the commercial rights holder have campaigned to divide FOTA.

The wishes of the majority of the teams are ignored. Furthermore, tens of millions of dollars have been withheld from many teams by the commercial rights holder, going back as far as 2006. Despite this and the uncompromising environment, FOTA has genuinely sought compromise.

It has become clear however, that 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.

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.

http://www.teamsassociation.org/pres.../press-release

**CVT** · June 19th, 2009 12:19 PM

Now, that would be interesting!....

8101:oops2:

**tidus1203** · June 19th, 2009 01:10 PM

The breakaway series will be superior! Ang matitira na lang sa F1 is Force India, Williams, and 3 new entrants. While the FOTA series will include all the heavyweights like Ferrari, Mclaren-Mercedes, BMW, Toyota, Renault, Grawn GP, and Red Bull Racing (sister Torro Rosso). F1 will the series for wimps and wealkings thus its no longer the PREMIER motorsport. Naging ala Gp2 na lang.

**Monseratto** · June 19th, 2009 01:46 PM

Paano yung Toyota and Merc engines sa dalawang holdovers? If they take the engines with them, magiging Formula Cosworth na lang. Also what happens with the FOM contracts with the GP tracks that require a 20 car per race?

**overdrayv** · June 19th, 2009 05:27 PM

^ the vacant slots will be filled by the other entrants.

2010 FIA Formula One World Championship - Due Diligence Q&A

How many applicants were there and were all of them taken forward to the due diligence process?

There were 15 applicants and we took 12 of these through the process initially. We interviewed nine of the more promising potential teams. There were a surprising number of well-presented entries, with substantial funds behind them.

http://www.fia.com/en-GB/mediacentre...f1_entry1.aspx

**tidus1203** · June 19th, 2009 06:24 PM

Originally Posted by Monseratto

Paano yung Toyota and Merc engines sa dalawang holdovers? If they take the engines with them, magiging Formula Cosworth na lang. Also what happens with the FOM contracts with the GP tracks that require a 20 car per race?

That's their problem and not FOTA's!

Seriously if nagkaroon ng breakway series ang FOTA (presumably Formula FOTA

) yari na F1 puro mga losers and newbie na lang natira. Kung baga wala na yung legacy and prestige of big players and superstars playing for their league... Parang naging PBA vs MBA remember that? Gumawa ng bagong liga pero yung mga magagaling nasa isang liga pa din kaya ayun tumba yung isa dahil puro mga 2nd rate lang naglalaro doon...

**tidus1203** · June 19th, 2009 06:38 PM

Pero pinaka talo dito sa lahat is not the FIA, its Bernie Ecclestone and his F1 commerical rights company. Imagine from being the commerical rights owner of the premier league naging 2nd rate league na lang ang pag-aari nya overnight!

**overdrayv** · June 20th, 2009 06:32 PM

^ CVC is now F1's commercial rights holder.

F1 boss sells commercial rights

Private equity group CVC Capital Partners has completed its takeover of Formula One's commercial rights.

CVC's Donald Mackenzie said the company was now looking forward to working with F1 boss Bernie Ecclestone "to further develop and grow the business".

The European Commission gave the green light to the deal last week, saying it would not significantly impede effective competition.

CVC will run F1 through new subsidiary Alpha Prema UK.

news.bbc.co.uk

**Monseratto** · June 20th, 2009 07:09 PM

There seem to be plenty track venues for FOTA to race on due to Bernie's take it or leave it approach like Imola, Indianapolis, Hockenheim, Montreal, Magny Cours and Silverstone for next year... We might see Michelin become the tire sponsor for this new series. Interesting to see if they'll bring back those V10 engines and race them on proper racing slicks.