The Formula One Teams Association has announced that all members have submitted conditional entries for the 2010 season. Even Ferrari, which had threatened to pull out over proposed rule changes, has entered the championship.
AFP - Ferrari and all other teams from the Formula One Teams Association (FOTA) on Friday submitted conditional entries for the 2010 Formula One championships.
McLaren, BMW Sauber, Toyota, Renault, Red Bull Racing, Toro Rosso and Brawn GP all signed up with Ferrari, seemingly bringing an end to the heated row with the sport's rulers over FIA president Max Mosley's intention to introduce a voluntary 40-million-pound budget cap from 2010.
On Monday, Williams broke ranks with FOTA to announce their entry before Friday's deadline.
"All FOTA Teams have today (Friday) submitted conditional entries for the 2010 FIA Formula One World Championship," the body said in a statement.
"FOTA confirms all its members' long-term commitment to be involved in the FIA Formula One World Championship."
It added that it had "unanimously agreed further and significant actions to substantially reduce the costs of competing in the championship in the next three years, creating a mechanism that will preserve the technological competition and the sporting challenge and, at the same time, facilitate the entry in the F1 Championship for new teams.
"These measures are in line with what has been already decided in 2009 within FOTA, achieving important saving on engines and gearboxes."
Ferrari, who have been a feature of every season since F1 was launched in 1950, had threatened to pull out unless Mosley, president of world motorsport's governing body the FIA, backed down on his controversial plans.
Both sides met on the sidelines of last weekend's Monaco Grand Prix with Mosley afterwards suggesting a compromise was in the air.
FOTA continued that entry for the 2010 championship was on the basis that "the Concorde Agreement is signed by all parties before 12th June 2009, after which all FOTA teams will commit to competing in Formula One until 2012".
"The renewal of the Concorde Agreement will provide security for the future of the sport by binding all parties in a formal relationship that will ensure stability via sound governance," it added.
"The basis of the 2010 regulations will be the current 2009 regulations, amended in accordance with proposals that FOTA has submitted to the FIA.
"All FOTA teams' entries ... have been submitted today on the understanding that (a) all FOTA teams will be permitted to compete during the 2010 Formula One season on an identical regulatory basis and (b) that they may only be accepted as a whole."
Date created : 2009-05-29