Following today’s breakthrough peace deal in Paris, the FIA has confirmed that all ten of the current teams will compete in Formula One next year alongside new additions Campos, Manor Racing, and USF1.
Negotiations between the FIA and the teams ran late into the early hours of Wednesday morning and the subsequent hearing of the World Motorsport Council (WMSC) produced the result that everyone had been hoping for.
Agreement was brokered between the two parties following a bitter feud over next year’s regulations, and FIA President Max Mosley agreed to step down – the latter is whispered to be the deal-clincher.
Most importantly for fans, all currently competing teams are now committed to the 2010 World Championship.
There will be no alternative series or championship and the rules for 2010 onwards will be the 2009 regulations as well as further regulations agreed prior to 29 April 2009.
As part of this agreement, the teams will, within two years, reduce the costs of competing in the championship to the level of the early 1990s. The manufacturer teams have agreed to assist the new entries for 2010 by providing technical assistance.
The manufacturer teams have further agreed to the permanent and continuing role of the FIA as the sport s governing body. They have also committed to the commercial arrangements for the FIA Formula One World Championship until 2012 and have agreed to renegotiate and extend this contract before the end of that period.
All teams will adhere to an upgraded version of the governance provisions of the 1998 Concorde Agreement.
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
In view of this new agreement and with the prospect of a stable future for Formula One, FIA President Max Mosley has confirmed his decision not to stand for re-election in October this year.
