F1 Lives On
June 24, 2009 by JD
Earlier today, the FIA and FOTA reached an agreement that ensures the best teams and drivers will remain in F1, while budgets will be greatly reduced within two years (to early ’90s levels) and technical support will be provided to the three new teams joining the grid next season. FIA president Max Mosley will not run for reelection in October.
In short, all parties got what they wanted…
It became crystal clear that the FOTA breakaway series was no empty threat. The eight FOTA teams had the funding, organization, and fan following to be successful. The FIA and FOTA compromised for the good of the sport, and we, the fans, should all be thankful that sanity prevailed.