F1: FOTA to launch breakaway series

[overdrayv]

FOTA UNITED ON THE FUTURE

Silverstone, 18 June 2009 - Since the formation of FOTA last September the teams have worked together and sought to engage the FIA and commercial rights holder, to develop and improve the sport.

Unprecedented worldwide financial turmoil has inevitably placed great challenges before the F1 community. FOTA is proud that it has achieved the most substantial measures to reduce costs in the history of our sport.

In particular the manufacturer teams have provided assistance to the independent teams, a number of which would probably not be in the sport today without the FOTA initiatives. The FOTA teams have further agreed upon a substantial voluntary cost reduction that provides a sustainable model for the future.

Following these efforts all the teams have confirmed to the FIA and the commercial rights holder that they are willing to commit until the end of 2012.

The FIA and the commercial rights holder have campaigned to divide FOTA.

The wishes of the majority of the teams are ignored. 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.

It has become clear however, 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.

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

http://www.teamsassociation.org/pres.../press-release

[CVT]

Now, that would be interesting!....

8101:oops2:

[tidus1203]

The breakaway series will be superior! Ang matitira na lang sa F1 is Force India, Williams, and 3 new entrants. While the FOTA series will include all the heavyweights like Ferrari, Mclaren-Mercedes, BMW, Toyota, Renault, Grawn GP, and Red Bull Racing (sister Torro Rosso). F1 will the series for wimps and wealkings thus its no longer the PREMIER motorsport. Naging ala Gp2 na lang.

[Monseratto]

Paano yung Toyota and Merc engines sa dalawang holdovers? If they take the engines with them, magiging Formula Cosworth na lang. Also what happens with the FOM contracts with the GP tracks that require a 20 car per race?

[overdrayv]

^ the vacant slots will be filled by the other entrants.

2010 FIA Formula One World Championship - Due Diligence Q&A

How many applicants were there and were all of them taken forward to the due diligence process?

There were 15 applicants and we took 12 of these through the process initially. We interviewed nine of the more promising potential teams. There were a surprising number of well-presented entries, with substantial funds behind them.

http://www.fia.com/en-GB/mediacentre...f1_entry1.aspx

[tidus1203]

Paano yung Toyota and Merc engines sa dalawang holdovers? If they take the engines with them, magiging Formula Cosworth na lang. Also what happens with the FOM contracts with the GP tracks that require a 20 car per race?

That's their problem and not FOTA's!

Seriously if nagkaroon ng breakway series ang FOTA (presumably Formula FOTA ) yari na F1 puro mga losers and newbie na lang natira. Kung baga wala na yung legacy and prestige of big players and superstars playing for their league... Parang naging PBA vs MBA remember that? Gumawa ng bagong liga pero yung mga magagaling nasa isang liga pa din kaya ayun tumba yung isa dahil puro mga 2nd rate lang naglalaro doon...

[tidus1203]

Pero pinaka talo dito sa lahat is not the FIA, its Bernie Ecclestone and his F1 commerical rights company. Imagine from being the commerical rights owner of the premier league naging 2nd rate league na lang ang pag-aari nya overnight!

[overdrayv]

^ CVC is now F1's commercial rights holder.

F1 boss sells commercial rights

Private equity group CVC Capital Partners has completed its takeover of Formula One's commercial rights.

CVC's Donald Mackenzie said the company was now looking forward to working with F1 boss Bernie Ecclestone "to further develop and grow the business".

The European Commission gave the green light to the deal last week, saying it would not significantly impede effective competition.

CVC will run F1 through new subsidiary Alpha Prema UK.

news.bbc.co.uk

[Monseratto]

There seem to be plenty track venues for FOTA to race on due to Bernie's take it or leave it approach like Imola, Indianapolis, Hockenheim, Montreal, Magny Cours and Silverstone for next year... We might see Michelin become the tire sponsor for this new series. Interesting to see if they'll bring back those V10 engines and race them on proper racing slicks.

[tidus1203]

^ CVC is now F1's commercial rights holder.

Then CVC then. Swerte talaga itong si Bernie Ecclestone, money always follows him. He dodged a bullet this time

[tidus1203]

There seem to be plenty track venues for FOTA to race on due to Bernie's take it or leave it approach like Imola, Indianapolis, Hockenheim, Montreal, Magny Cours and Silverstone for next year... We might see Michelin become the tire sponsor for this new series. Interesting to see if they'll bring back those V10 engines and race them on proper racing slicks.

And hopefully Honda comes back to the new FOTA series and now we can have the better Japanese Grand Prix in Suzuka rather than the mediocre Toyota owned Fuji Speedway!

[overdrayv]

^ this year's Japanese GP will be in Suzuka.

[CVT]

Either side of the fence,- "money talks"....

8101:oops2:

[Monseratto]

^ this year's Japanese GP will be in Suzuka.

They were supposed to alternate between Fuji and Suzuka tracks annually. But there's also a big question mark over Fuji since Toyota happens to be a FOTA member...

[tidus1203]

Yeah. Will they allow the FIA to rent their venue. And one track that will likely be added is Ferrari's own Mugello track. Now that I want to see!

[Monseratto]

Parang chess game, FOTA cornered FIA with a proposal they can't refuse... CHECKMATE ;D

Hitman Luca Nails His Men

Well, Max has surrendered, the war is over and FOTA have won.

Weeks ago we predicted a shoot-out between Luca di Montezemolo and FIA President Max Mosley for which there could be only one winner. And there very clearly is one winner.

Following Wednesday's FIA meeting in Paris, if you look at Formula 1 as it's scheduled to run in 2010, how different is it to the F1 that FOTA suggested? Hardly any different. There is no mention of budget caps, no FIA imposed limits on spending and no two-tier technical system. What's more, the system of governance that Mosley was trying to impose will be swept away.

And the biggest bonus of all is that from October he will be gone.

Mosley's capitulation was orchestrated last night and into the small hours of the morning away from the glare of publicity and the delegates of the FIA. Like some mafia hitman, Luca di Montezemolo flew into Paris last night to arrange the terms of Mosley's surrender. The coup de grace.

The game was up from the moment that FOTA started flexing its muscles about a new breakaway series. Mosley realising that he was about to lose the crown jewels had to get an agreement in place before he faced the World Motor Sports Council on Wednesday. In a situation like that he had to give way to almost everything. Bernie had to calm his very nervous F1 investors.

The tatters of Mosley's imposed cost cuts were hedged in the woolliest of terms. "The objective is to get back to the spending levels of the early 90s within two years," said Max, which doesn't sound like a compulsion, more like a nice idea.

It would be interesting to know the commercial agreement that the FOTA boys sorted out for themselves, but given that Max had to give a lot of ground, you can expect Bernie to have shelled out, too.

We're unlikely to hear who gets what under the new deal, but the outward manifestation will be if F1 swiftly renegotiates a deal with Canada and the USA to run grands prix there. FOTA want cheaper races for promoters, hence lower ticket prices and more fans in grandstands. The 16,000 audience for the Bernie-promoted Turkish GP is proof if proof were really needed.


Following the FIA's rubber stamping of the Max Surrender Plan, you didn't have to have a degree in sports psychology to work out the winner and the loser. Winners can afford to be magnanimous.


"I think (Max Mosley) has done a very good fix of the problem. When you have reached an agreement everyone has to help in the same way," said Luca di Montezemolo (undoubtedly smiling at the time).

"It is for the FIA membership, and the FIA membership alone, to decide on its democratically elected leadership, not the motor industry and still less the individuals the industry employs to run its F1 teams," said Max (undoubtedly a little waspily). "As far as I'm concerned the teams were always going to get rid of me in October, well they still are. Whether the person who succeeds me will be more to their liking remains to be seen."

"Thanks to the unity of the FOTA teams and the foresight of the World Motor Sport Council members we have achieved the right result for Formula 1. We look forward to working with the FIA Senate to achieve a prosperous and exciting future for Formula 1 and its millions of fans around the world," said Toyota's John Howett indicating where he thought the seat of power would reside in the future.


Though Luca di Montezemolo hoped for a reconciliation between the FIA and FOTA, PF1 is wedded to the idea that when football managers lose their jobs, their backroom staff are cleared out, too. It is only fitting Alan Donnelly and any other Mosley cronies should leave the FIA as well so we can start with a clean sheet.

Max has said this is a win-win situation. Yes, a double win for FOTA. At 69 he is well past retirement age. He should really be spending time on his "hobbies"...

http://planetf1.com/story/0,18954,3261_5399633,00.html

[tidus1203]

Yeah FOTA has the bargaining chips naman eh. Remember F1 is all about them, the TEAMS! They are the ones performing, not the FIA and not the commercial interests.

[CVT]

Mag-concentrate na lang kasi si Max Mosley sa kanyang ibang passion and diversion.... :naughty2::hysterical:

8101:oops2: