Formula One Wins

by F1Fan on June 24, 2009

At the World Motorsport Council meeting in Paris today a deal was brokered between Max Mosely, Bernie Ecclestone and Luca di Montezemolo which ended the war between the FIA and FOTA and guaranteed a single F1 Championship going forward.

While Mosely insisted that their were no losers in the battle between FOTA and the FIA, to me it looks as if FOTA pretty much got what they wanted: Guaranteed participation only until 2012; No absolute budget cap for 2010; Better governance of F1 through the reintroduction of the F1 commision; and Agreement that Mosley will stand down at the end of his term this October and not seek re-election.

Ferrari seems to agree with me and in a statement made from Maranello late today stated “Today the FIA World Council accepted the proposals formulated by FOTA for the 2010 Formula 1 World Championship. A Championship, which will be held, as suggested by FOTA, in the spirit of sporting and technological competition, with clear and fixed rules and transparent governance, handled by the F1 Commission.” and then went on to say “The objective is to avoid continual changes decided on by one person alone and to gradually reduce costs, to get back to levels of spending similar to those of the early Nineties within the next two years.

Luca di Montezemolo (Chairman FOTA and Chairman of Ferrari) struck a much more conciliatory tone in Paris earlier in the day stating “I think the decisions we have shared this morning are important. We will have the rules of 2009, same rules for everybody…. It means that we have stability” and went on to praise Mosely for his contribution to the final agreement between FOTA and the FIA “He has done a very good fix of the problem…. When you have reached an agreement, everyone has to help in the same way.”

So, will we have a better Formula One championship in 2010? – Time will tell.

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