The Future of F1 is in chaos
Formula 1 at present is confronting an uncertain future since 8 of its main teams have stated that they would set up a challenger championship for the 2010 season.
Brawn GP, Ferrari, McLaren, Renault, Toyota, BMW-Sauber, Red Bull and Toro Rosso are the 8 teams which have threatened a separate team setup and have made clear their intentions to separate from F1 over the issue of Max Mosley’s 40m budget cap proposals. To cut short the ‘financial arms race’ the budget limit was created by the world motor sport boss.
Max Mosley reacted to the teams’ menace yesterday by extending grants, but was firm with his verdict to bring in the contentious budget caps.
The governing body of sports has set a deadline of 19 June for 5 teams that is Brawn, BMW-Sauber, McLaren, Renault and
Toyota for them to authenticate whether or not they will participate in the 2010 F1 season. If it is not so then they may be excluded.