f1buzz.net

All is sweetness and light in the Formula One World again.

• There will be no breakaway championship.
• There will be no new rules.
• The FIA will remain the sport’s governing body.
• A new Concorde Agreement will be signed that will commit the teams until 2012.
• The teams will have two years to reduce costs to 1990s levels.
• Max Mosley will not stand for re-election in October.

Basically, FOTA won the war – or at least the battle.

Following the World Motor Sport Council meeting in Paris on Wednesday the FIA have published a press release listing the 13 teams that will take part in the 2010 FIA Formula One World Championship.  They are the same as before, except that this time there are no conditional entries.

Interestingly, Brawn and the two Red Bull teams still show their engine suppliers as ‘TBA’.

FORMULA ONE WORLD CHAMPIONSHIP

All currently competing teams have committed to the FIA Formula One 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 SCUDERIA FERRARI MARLBORO VODAFONE McLAREN MERCEDES BMW SAUBER F1 TEAM RENAULT F1 TEAM PANASONIC TOYOTA RACING SCUDERIA TORO ROSSO RED BULL RACING AT&T WILLIAMS FORCE INDIA F1 TEAM BRAWN GP FORMULA ONE TEAM CAMPOS META TEAM MANOR GRAND PRIX TEAM US F1

CONSTRUCTOR FERRARI McLAREN MERCEDES BMW SAUBER RENAULT TOYOTA STR TBA RBR TBA WILLIAMS TOYOTA FORCE INDIA MERCEDES BRAWN TBA CAMPOS COSWORTH MANOR COSWORTH 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.