From GMM and FIA
The first details of the peace agreement between rebel Formule One Team Association teams and the FIA are beginning to emerge. The FIA has also issued the 2010 entry list.
Max Mosley, now to step down as FIA president in October, announced after Wednesday's World Motor Sport Council meeting in Paris that a cost reductions package had paved the way to a compromise deal between the warring sides.
But it is also believed that Michel Boeri, currently president of the FIA senate and head of the Automobile Club de Monaco, will immediately begin to handle all relations between the sport's governing body and the teams.
It seems that Mosley's planned budget cap, meanwhile, has been completely scrapped, although the kinds of other cost reductions agreed by FOTA should lead to radically smaller budgets by 2011.
However, Mosley appears to have backed down on all fronts.
He had been pushing for the executive boards of the manufacturers involved in F1 to commit to the sport in writing through 2014. Instead, all the teams will simply sign a new Concorde Agreement, but valid only to the end of 2012.
The published 2010 regulations are to be completely torn up, replaced - as per FOTA's wish - with this year's rules but modified for the cost-cutting measures agreed on Wednesday.
The World Motor Sport Council was the culmination of an intense amount of pressure: not only about the viability of Mosley's ongoing tenure, but also the looming breakaway.
FOTA had this week appointed a PR company to inform a wider media audience about the plans, and was preparing to push forward with a meeting to discuss preparations - including inking initial contracts - on Thursday in Bologna.
Lawyers for F1's commercial equity owners CVC, meanwhile, had travelled to Silverstone last weekend and apparently pushed the warring sides very hard - particularly Mosley as the regulator - to broker a solution.
"This for me is an enormous relief," Mosley said in a hastily convened press conference in Paris, also referring to "personal difficulties" he has faced.
The FIA indicated on Wednesday that the following teams have been accepted for the 2010 FIA Formula One World Championship:
TEAM CONSTRUCTOR
SCUDERIA FERRARI MARLBORO FERRARI
VODAFONE McLAREN MERCEDES McLAREN MERCEDES
BMW SAUBER F1 TEAM BMW SAUBER
RENAULT F1 TEAM RENAULT
PANASONIC TOYOTA RACING TOYOTA
SCUDERIA TORO ROSSO STR TBA*
RED BULL RACING RBR TBA*
AT&T WILLIAMS WILLIAMS TOYOTA
FORCE INDIA F1 TEAM FORCE INDIA MERCEDES
BRAWN GP FORMULA ONE TEAM BRAWN TBA*
CAMPOS META TEAM CAMPOS COSWORTH
MANOR GRAND PRIX MANOR COSWORTH
TEAM US F1 TEAM US F1 COSWORTH
*Engine deal to be announced later
The first details of the peace agreement between rebel Formule One Team Association teams and the FIA are beginning to emerge. The FIA has also issued the 2010 entry list.
Max Mosley, now to step down as FIA president in October, announced after Wednesday's World Motor Sport Council meeting in Paris that a cost reductions package had paved the way to a compromise deal between the warring sides.
But it is also believed that Michel Boeri, currently president of the FIA senate and head of the Automobile Club de Monaco, will immediately begin to handle all relations between the sport's governing body and the teams.
It seems that Mosley's planned budget cap, meanwhile, has been completely scrapped, although the kinds of other cost reductions agreed by FOTA should lead to radically smaller budgets by 2011.
However, Mosley appears to have backed down on all fronts.
He had been pushing for the executive boards of the manufacturers involved in F1 to commit to the sport in writing through 2014. Instead, all the teams will simply sign a new Concorde Agreement, but valid only to the end of 2012.
The published 2010 regulations are to be completely torn up, replaced - as per FOTA's wish - with this year's rules but modified for the cost-cutting measures agreed on Wednesday.
The World Motor Sport Council was the culmination of an intense amount of pressure: not only about the viability of Mosley's ongoing tenure, but also the looming breakaway.
FOTA had this week appointed a PR company to inform a wider media audience about the plans, and was preparing to push forward with a meeting to discuss preparations - including inking initial contracts - on Thursday in Bologna.
Lawyers for F1's commercial equity owners CVC, meanwhile, had travelled to Silverstone last weekend and apparently pushed the warring sides very hard - particularly Mosley as the regulator - to broker a solution.
"This for me is an enormous relief," Mosley said in a hastily convened press conference in Paris, also referring to "personal difficulties" he has faced.
The FIA indicated on Wednesday that the following teams have been accepted for the 2010 FIA Formula One World Championship:
TEAM CONSTRUCTOR
SCUDERIA FERRARI MARLBORO FERRARI
VODAFONE McLAREN MERCEDES McLAREN MERCEDES
BMW SAUBER F1 TEAM BMW SAUBER
RENAULT F1 TEAM RENAULT
PANASONIC TOYOTA RACING TOYOTA
SCUDERIA TORO ROSSO STR TBA*
RED BULL RACING RBR TBA*
AT&T WILLIAMS WILLIAMS TOYOTA
FORCE INDIA F1 TEAM FORCE INDIA MERCEDES
BRAWN GP FORMULA ONE TEAM BRAWN TBA*
CAMPOS META TEAM CAMPOS COSWORTH
MANOR GRAND PRIX MANOR COSWORTH
TEAM US F1 TEAM US F1 COSWORTH
*Engine deal to be announced later