FIA Announces Deal to End Civil War

Paris, June 24, 2009: The FIA has today issued the following press release:

The World Motor Sport Council met in Paris on 24 June 2009. The following decisions were taken: Formula 1 World Championship

All currently competing teams have committed to the FIA Formula 1 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.

In related news, a press conference was held in Paris, with Mosley and Luca di Montezemolo attending.

Evidently as part of an attempt to allow Mosley as graceful an exit as possible, no mention has been made of Michel Boeri replacing Mosley with immediate effect. Similarly, Montezemolo told the press that Mosley "has done a very good fix of the problem. When you have reached an agreement, everyone has to help in the same way.

Mosley said "They've got the rules they want and the stability. We've got the new teams in and cost reduction, so that's very helpful. 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."

FOTA will meet tomorrow to finalize further cost-reduction regulations to be introduced in 2010, consistent with the agreement with the FIA.