Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Poor Dear! Mad Max Mosley cries foul in free willie trap
#3
http://news.bbc.co.uk/sport1/hi/motorspo...108488.stm

Quote:F1 teams drop breakaway bombshell
Formula 1 has been thrown into chaos after eight of its major teams said they are now planning to set up a rival championship for the 2010 season.

The threat by members of the F1 Teams Association (Fota) escalates their row with world motorsport boss Max Mosley over his budget cap proposals.

"The teams have declined to alter their original conditional entries to the 2010 F1 Championship," said the teams.

"We've no alternative than to commence preparation for a new championship."

Mosley was insistent on introducing a voluntary £40m budget cap for teams to curtail a "financial arms race" in F1.

But Fota refused to agree to his conditions, prompting championship leader Brawn GP, Ferrari, McLaren, Renault, Toyota, BMW Sauber, Red Bull Racing and Toro Rosso to take their drastic action.

They announced their decision following a four-hour meeting on Thursday night ahead of this weekend's British Grand Prix at Silverstone.

"Since the formation of Fota last September the teams have worked together and sought to engage the FIA and commercial rights holder (Bernie Ecclestone), to develop and improve the sport," read a Fota statement.

"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 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
Fota statement
"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, 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."

Fota added that its championship would put F1 fans first and boast the best drivers and sponsors.

"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," added the statement.


archerwillpay
"The major drivers, stars, brands, sponsors, promoters and companies historically associated with the highest level of motorsport will all feature in this new series."

Former champions Williams and Force India have already committed unconditionally to the FIA's world championship along with three new entrants - Campos, US F1 and Manor.

The FIA has said there are other would-be newcomers waiting to take the places of those teams that refused to enter unconditionally, although one, Lola, has already withdrawn its application.

The stage is also set for a legal battle, with the FIA saying champions Ferrari and the two Red Bull teams have existing contracts which commit them to the existing championship.

The FIA had set a Friday deadline for five teams - Brawn, BMW-Sauber, McLaren, Renault and Toyota - to convert their provisional entries into unconditional ones or risk being excluded.

There was no immediate comment from the FIA or Ecclestone.
The shadow is a moral problem that challenges the whole ego-personality, for no one can become conscious of the shadow without considerable moral effort. To become conscious of it involves recognizing the dark aspects of the personality as present and real. This act is the essential condition for any kind of self-knowledge.
Carl Jung - Aion (1951). CW 9, Part II: P.14
Reply


Messages In This Thread
Poor Dear! Mad Max Mosley cries foul in free willie trap - by David Guyatt - 19-06-2009, 07:23 AM

Possibly Related Threads…
Thread Author Replies Views Last Post
  Free education - MIT and others to offer free Web course Magda Hassan 3 8,065 28-04-2014, 02:24 AM
Last Post: Magda Hassan
  Nelson Mandela. Free at last. Magda Hassan 51 34,984 25-03-2014, 06:49 PM
Last Post: Peter Lemkin
  Frecn cities make public transport free due to dangerous smog levels David Guyatt 1 3,462 15-03-2014, 12:46 PM
Last Post: Magda Hassan
  Poor old man Pinochet. Magda Hassan 4 7,360 09-05-2013, 01:10 PM
Last Post: David Guyatt
  North Korean Girl Band Celebrate the Victory of Dear Leader Over the Imperialists Lauren Johnson 0 2,971 24-12-2012, 09:19 PM
Last Post: Lauren Johnson
  Maxwell st. circa 1964 from 'And This is Free' film. Robert Nighthawk sings his song Eli's Place Magda Hassan 0 3,104 27-10-2010, 09:33 AM
Last Post: Magda Hassan
  George Bush visits the poor brown people in Haiti Magda Hassan 3 4,421 26-03-2010, 06:42 PM
Last Post: Ed Jewett

Forum Jump:


Users browsing this thread: 1 Guest(s)