Fans of Formula 1 will no doubt have heard about the craziness that has been developing over the past few months as the Formula One Teams Association (FOTA) has voiced their disapproval over the FIA’s (i.e. Max Mosley’s) 2010 budget cap restrictions for Formula 1.
Things got so bad that the FOTA announced that they were abandoning Formula 1 and going to start a breakaway race series instead. The FIA (i.e. Max Mosley) refused to back down in this situation and it really looked like we were going to see the end of Formula 1 as it is.
That is … until this news broke last night:
Formula 1 pulled back from the brink on Wednesday as rebel teams struck an 11th-hour deal with the FIA to prevent the sport splitting in two.
Following a meeting of the governing body’s World Motor Sport Council in Paris, the Formula One Teams’ Association dropped plans to form a breakaway championship in exchange for concessions from the FIA over cost-cutting and governance.
As part of the deal Max Mosley will stand down as FIA president when his current term of office ends in October – having signalled on Tuesday that he would seek re-election if what he saw as FOTA’s threat to the governing body’s authority persisted.
Mosley has also had to abandon his controversial budget cap scheme, although the manufacturer squads have agreed to deliver major additional cost savings over the next two years and have pledged their commitment to Formula 1 until 2012.
“There will be no split,” said Mosley.
“We have agreed to a reduction of costs.
“There will be one F1 championship but the objective is to get back to early 1990s level of spending within two years.”
Speaking about his own position, Mosley added: “I will not be up for re-election now we have peace.”
F1′s commercial impresario Bernie Ecclestone, who had vowed to do everything in his power to keep the sport intact, declared that he was “very happy common sense has prevailed”.
Source: ITV F1
“Stand down?” You got canned, man! Someone should have fired his ass years ago! Max Mosley has been on an unending ego/power trip since becoming the president of the FIA in 1993 and has been responsible for some of the most stupid rule changes of the past 10 years. I mean, if you can piss off 10 out of 12 teams in Formula 1 to the extent that they would consider going through the trouble of setting up a brand new racing series rather than looking at your face anymore, you must be a pretty big dickhead, no?
I mean cutting costs is ok, but Formula 1 is supposed to be the pinnacle of motor racing so to make big teams like Ferrari, Mclaren, BMW and Renault cut costs down to the level that even teams from lower racing formulas have submitted entries to Formula 1, I think that’s taking it too far. I don’t wanna see everyone running the same engine or the same bodywork – Formula 1 has always been about how to maximize the rules to your advantage to gain hundreths of a second and Max Mosley has been trying to stop that innovation.
And not to mention that the fucker is actually a closet nazi.