Formula 1 Back On Track
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Thursday, June 25, 2009 | Posted in ,



The basic news is that there will be no split. There will be one championship in 2010. We have reached agreement on a number of items. The objective is to get back to early 1990s (spending) levels within two years - Max Mosley, FIA President.
Formula One's world governing body the FIA and teams association FOTA agreed on Wednesday that there will be no breakaway championship next season after talks in Paris to ward off threatened split.

Source: TOI



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Formula 1 Racing On A Split Row
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Saturday, June 20, 2009 | Posted in ,

Formula 1 racing is on dramatic row of split as eight major teams have threatened to form their own championship following demands from the sport's governing body that their budgets be capped. It all started when FIA president Max Mosley announced the introduction of a voluntary 40 million pound budget cap fot the 2010 season.



The teams association FOTA said Ferrari, Brawn GP, McLaren-Mercedes, BMW-Sauber, Toyota, Red Bull, Toro Rosso and Renault were united in a decision that would split the sport in two if carried through. Williams and Force India have lodged unconditional entries for the 2010 season. They will be joined by three new outfits - Campos Racing, Team US F1 and Manor F1 Team.

Source: TOI



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