Open

Coming up

Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

A thin line between fact-checking and propaganda in Gaza social media coverage

Read more

DEBATE

Gaza: How to Stop the Spiral? Israel Readies For Ground Offensive (part 2)

Read more

DEBATE

Gaza: How to Stop the Spiral? Israel Readies For Ground Offensive

Read more

FOCUS

Ireland's missing babies casting light on a dark history...

Read more

WEB NEWS

World Cup 2014: Germany-Brazil inspires the Web

Read more

THE INTERVIEW

Boutros-Ghali: 'I wanted to reform the UN'

Read more

IN THE PAPERS

57 000 little problems

Read more

IN THE PAPERS

The Sarkozy 'threat'

Read more

BUSINESS DAILY

Budget challenge for India's new government

Read more

  • US prepared to negotiate Gaza ceasefire, Obama says

    Read more

  • Manhunt as FIFA partner flees Rio hotel to avoid arrest

    Read more

  • French companies will have to accept anonymous CVs

    Read more

  • Ukrainian forces close in on Donetsk

    Read more

  • Germany asks US intelligence station chief to leave country

    Read more

  • Hamas rockets reaching deeper into Israel

    Read more

  • UN chief Ban Ki-moon appoints new Syria mediator

    Read more

  • Video: Muslims in China confront obstacles to Ramadan fasting

    Read more

  • Tour de France passes WWI Chemin des Dames battlefield

    Read more

  • Senegalese man awarded French visa in gay marriage debate

    Read more

  • Israel steps up airstrikes as diplomacy gets under way

    Read more

  • Argentina beat Netherlands on penalties to reach World Cup final

    Read more

  • Foiled French jihadist ‘targeted Louvre and Eiffel Tower’

    Read more

  • Obama in Texas to urge congressional action on child migrant crisis

    Read more

  • Iraq’s heritage 'in danger' from ISIS militants

    Read more

Teams threaten to set up rival championship

©

Video by Claire PRYDE , Benoît PERROCHAIS

Text by NEWS WIRES

Latest update : 2009-06-19

Eight Formula One teams, including Renault, Ferrari and Toyota, said on Thursday they rejected the demands of Formula One's governing body and would seek to launch a new series in 2010.

REUTERS - Eight Formula One teams said on Thursday they would start preparations for a new series in 2010 after refusing to bow to the demands of the governing International Automobile Federation.

 

A statement said BMW-Sauber, Brawn, Ferrari, McLaren, Red Bull, Renault, Toro Rosso and Toyota were united in the decision.

 

"It has become clear...that 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," the Formula One Teams Association (FOTA) said.

 

"These teams therefore have no alternative other than to commence the preparation for a new championship which reflects the values of its participants and partners.

 

"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," the statement added.

 

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

 

The decision, if the teams carry through their intention, will split Formula One in two.

 

LEGAL BATTLE

 

Former champions Williams and Force India have already committed unconditionally to the FIA's world championship along with three new entrants -- Campos, U.S. F1 and Manor -- who have yet to build any grand prix cars.

 

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.

 

The eight FOTA members met at Renault's Enstone headquarters on Thursday evening and issued a joint statement emphasising their common will and accusing the FIA and commercial rights holders of trying to divide them.

 

"The wishes of the majority of the teams are ignored," the statement said. "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."

 

There was no immediate comment from the FIA or Formula One's commercial supremo Bernie Ecclestone.
 

Date created : 2009-06-19

Comments

COMMENT(S)