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Page last updated at 15:15 GMT, Friday, 29 May 2009 16:15 UK

Teams submit F1 entries for 2010

Ferrari team chief Stefano Domenicali and Brawn principal Ross Brawn
Team bosses are all now signed up to compete in next season's campaign

Ferrari and the rest of the teams in the Formula 1 Teams' Association (Fota) have submitted conditional entries for the 2010 championship.

Williams announced on Monday that they intend to enter next season's campaign.

McLaren, BMW Sauber, Toyota, Renault, Red Bull Racing, Toro Rosso, Brawn GP and Force India have now followed suit.

However, the teams have only signed up to the new season on the condition that they are able to operate on the basis of current technical regulations.

The teams and the sport's governing body, the FIA, have been at odds in recent weeks over plans to introduce an optional budget cap in 2010.

The teams have tried to meet (FIA president) Max Mosley halfway on this one - it remains to be seen now if he agrees to their terms

BBC Five Live's F1 commentator David Croft

Those teams who pledged to keep costs under £40m a season would be allowed greater technical freedom than those outside of the budget cap, but many of the teams felt the cap was far too strict, fearing it would create a two-tier championship.

Ferrari, Renault, Red Bull and Toyota all threatened to pull out of the sport if the budgetary restrictions were to be forced through.

It prompted a crisis meeting between Fota and the FIA a fortnight ago, talks which failed initially to provide an acceptable compromise.

But at a meeting at the Monaco Grand Prix last week, it was agreed in principle to delay the cap until 2011, while motorsport boss Max Mosley has made other concessions to the teams on governance.

And it appears enough progress has now been made on that to convince teams to sign up to the new season - on the condition that a new financial agreement with F1's management is reached by 12 June.

606: DEBATE
Hammydigrassi

"It could be the end (of the budget cap row) but we won't know for certain until the FIA publish its list of accepted teams and drivers for the 2010 championship on 12 June," reported BBC Five Live's F1 commentator David Croft.

"At the moment, it's the current 10 teams plus Prodrive, USF1 and the Campos team from Spain. Those teams will be offered technical assistance from the current entrants who, in return for that, want a sliding scale of cost-cutting.

"That means instead of a £40m cap next year, say a spend of around £80m that reduces to somewhere around £40m by 2011.

"The teams have tried to meet Max Mosley halfway on this one - it remains to be seen now if he agrees to their terms."

A statement on behalf of Fota said: "Fota confirms all its members' long-term commitment to be involved in the FIA Formula 1 World Championship.

"It has unanimously agreed further and significant actions to substantially reduce the costs of competing in the championship in the next three years."

The FIA now has until 12 June to confirm its intentions.

Toyota Motorsport boss, and Fota vice-chairman John Howett, believes his team's intention to commit to Formula One for the next three years ends the speculation regarding their future in the sport.

"It is Toyota's sincere wish to be part of Formula 1 in 2010, and the conditions attached to our entry, if agreed, would enable us to commit to the sport until the end of 2012," confirmed Howett.

"As explained in the Fota statement, our entry is conditional upon the specific conditions which have been outlined being satisfied.

"We are optimistic we can work productively with the Federation to build a solid foundation for the future of Formula 1, based on lasting stability and sound governance."



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see also
Prodrive bid for Formula 1 place
29 May 09 |  Formula 1
Williams suspended in sign-up row
27 May 09 |  Formula 1
Williams confirm F1 entry in 2010
25 May 09 |  Formula 1
F1 budget cap solution in sight
24 May 09 |  Formula 1
Mosley hopeful on budget cap agreement
24 May 09 |  Formula 1
Progress made in F1 crisis talks
22 May 09 |  Formula 1
Ferrari issue F1 quit ultimatum
12 May 09 |  Formula 1
Toyota threaten pull-out from F1
10 May 09 |  Formula 1
Renault join F1 pull-out threat
13 May 09 |  Formula 1
Litespeed hope for 2010 F1 entry
15 May 09 |  Formula 1
Lola move closer to F1 comeback
15 May 09 |  Formula 1


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