Formula 1: Will Ferrari participate in the 2010 season?
The threat of a Formula One breakaway series has been averted after agreement was today reached between motor sport's world governing body, the FIA, and the Formula One Teams' Association.
As a result, FIA president Max Mosley has confirmed he will not now stand for re-election when his fourth term ends in October.
The news follows a breakthrough meeting of the World Motor Sport Council in Paris, and a cost-cutting deal being struck between the FIA and the eight members of FOTA - Ferrari, McLaren, BMW Sauber, Renault, Toyota, Red Bull, Toro Rosso and Brawn GP.
Confirming the compromise, Mosley said: "There will be no split. We have agreed to a reduction of costs.
"There will be one F1 championship, but the objective is to get back to the spending levels of the early '90s within two years."
With regard to his own position, Mosley added: "I will not be up for re-election, now we have peace."
http://www.google.com/hostednews/ukpress/article/ALeqM5gNv9ggDZmvk9j5gmh8MBY5RUU2fQ
Background:
Settlement details:As reported by a major mainstream news source.
| Yes |
| |||
| No |
|
- Activity: H$33,357 |
- Predictions: 138 |
Comments: 6
Suspend date: Fri 19th Jun 12:59am PST
Settlement date: Wed 24th Jun 6:35pm PST
Prediction cut-off: Predictions on this question after Fri 19th Jun 12:59am PST have been voided because they were made after the question could be settled
Initial likelihoods: Yes: 90%
Action history:
kruijs![[Power User]](http://www.hubdub.com/images/icon_superuser.gif "This user is a super user"){kind=icon}
: if you decide to settle on this, please backvoid at least 1 hour:
http://www.google.com/hostednews/ap/article/ALeqM5iHX7SvKetjaPy9N84QSD4mYAeq7QD98TKNTO0
kruijs: I guess you might settle this "Yes" now. Thanks for not settling too soon :-)
sadly, I lost a bunch of HD now :-(
mrperfkt![[Admin]](http://www.hubdub.com/images/icon_admin.gif "This user is an admin"){kind=icon}
: The threat of a Formula One breakaway series has been averted after agreement was today reached between motor sport's world governing body, the FIA, and the Formula One Teams' Association.
As a result, FIA president Max Mosley has confirmed he will not now stand for re-election when his fourth term ends in October.
The news follows a breakthrough meeting of the World Motor Sport Council in Paris, and a cost-cutting deal being struck between the FIA and the eight members of FOTA - Ferrari, McLaren, BMW Sauber, Renault, Toyota, Red Bull, Toro Rosso and Brawn GP.
Confirming the compromise, Mosley said: "There will be no split. We have agreed to a reduction of costs.
"There will be one F1 championship, but the objective is to get back to the spending levels of the early '90s within two years."
With regard to his own position, Mosley added: "I will not be up for re-election, now we have peace."
http://www.google.com/hostednews/ukpress/article/ALeqM5gNv9ggDZmvk9j5gmh8MBY5RUU2fQ
Suspend date: Fri 19th Jun 12:59am PST
Settlement date: Wed 24th Jun 6:35pm PST
Prediction cut-off: Predictions on this question after Fri 19th Jun 12:59am PST have been voided because they were made after the question could be settled details 
Get widget!Predictions (138)
judugrovee
predicted Yes (H$50 at 45%)
predicted No (H$245 at 28%)
grayman
predicted No (H$50 at 23%)
predicted No (H$250 at 22%)
metalwarlord
predicted Yes (H$100 at 78%)Comments (6)
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and it sounds like they came to a compromise and Ferrari is in.
Ferrari dismiss 2010 Formula One inclusion
Ferrari, Red Bull and Toro Rosso have all restated their intentions to boycott the 2010 Formula One world championship because of a disagreement about the future of the sport, despite being included by the sport's world governing body on a list of official participants for the next season.
The Federation Internationale de l'Automobile (FIA) announced on their official Web site on Friday that 13 applications had been accepted for next season's competition.
Five of those entrants, Brawn GP, McLaren Mercedes, BMW Sauber, Renault and Toyota, were revealed as submitting conditional applications but Ferrari, Red Bull and Toro Rosso were down as being "unconditional" entrants.
From this gathering it was agreed to grant those teams with unconditional entries a deadline extension of June 19 to reconcile their differences with the FIA's plans to impose a budget cap of $60M for competing teams.
"For the avoidance of any doubt, Ferrari reaffirms that it shall not take part in the 2010 FIA Formula One World Championship under the regulations adopted by the FIA in violation of Ferrari's rights under a written agreement with the FIA."
http://edition.cnn.com/2009/SPORT/06/12/ferrari.formula.2010.fia/?iref=mpstoryview
Ferrari, McLaren and six other teams have announced plans for a rival series to Formula One in 2010 after the collapse of heated negotiations with F1 organizers over a budget cap for next season.
Ferrari, which has participated since the inaugural championship in 1950, and current championship leader Brawn GP were among the members of the Formula One Teams Association which announced the split Friday, ahead of Sunday's British Grand Prix.
McLaren, Renault, Toyota, BMW Sauber, Red Bull Racing and Toro Rosso are the other teams that are set to launch a new series for 2010.
http://www.google.com/hostednews/ap/article/ALeqM5iHX7SvKetjaPy9N84QSD4mYAeq7QD98TKNTO0
A deal has been reached with Formula One teams to avoid a breakaway series next year, media reported FIA president Max Mosley as saying on Wednesday.
Mosely and eight teams had been at loggerheads over his plans to introduce a budget cap for 2010.
http://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSLO86871120090624
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