Formula One Breakaway Series Cancelled

The Formula One breakaway series has been cancelled after teams met in Paris today to discuss their issues and the future of the sport. The row started when FIA president Max Mosley informed the teams of major changes to the sport in 2010 which would see a budget cap of £40 Million, ensuring the financial stability of the sport and also a way for more private teams to enter the sport, but the larger teams refused to agree to the deal and threatened to make a breakaway series of their own. Only two teams (Williams and Force India) signed up to the new deal and they were unsurprisingly the two poorest teams.

The argument that has been raging between the FIA and the F1 teams since April has now been settled and an agreement reached which also sees Max Mosley step down from his position in October, although it has to be said that Max has promised not to stand for re election in the past and then changed his mind on the issue and been re elected.

The new agreement means that Max’s original plan, to get the spending levels back to that of the early ‘90s will still go ahead but will be achieved over a two year period not just a straight blanket ban, and the current teams must help newcomers to the sport with chassis and engine design such as next year’s new entrants Campos, Manor and US F1.

To be one hundred percent honest the whole thing sounds like pressure from up above, and I think Max has been pushed, he has done a fantastic job trying to make the sport more enjoyable, safe and stable and I for one will be sad to see him leave in October, as the old saying goes “better the devil you know”

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