F1 Is Dead

The unthinkable has finally happened.

The Formula One Teams' Association announced on yesterday night that it is setting up a breakaway championship. Following a four hour meeting at Renault's Enstone factory, the eight members of FOTA - Ferrari, McLaren, Renault, BMW Sauber, Toyota, Brawn, Red Bull Racing and Scuderia Toro Rosso - said they had grown frustrated with the FIA's stance against the organisation, and had no option but to create a series of their own.

Actually, all that means is the new FOTA series will become the new F1 in all but name.

"The major drivers, stars, brands, sponsors, promoters and companies historically associated with the highest level of motorsport will all feature in this new series."

I guess Bernie won't be getting richer off F1 anymore.

"This series will have transparent governance, one set of regulations, encourage more entrants and listen to the wishes of the fans, including offering lower prices for spectators worldwide, partners and other important stakeholders."

Source: Autosport.com