Following the FOTA meeting in London, Max Mosley was offered a compromise deal by the teams' body, consisting of a transitional 2010 season – during which the budget cap will only be 100M euros, as compared to the initial 45M – while also securing the new entries some technical offerings in the form of customer cars.
Under the circumstances, it's yet to be determined whether the multitude of small teams reportedly interested in joining the Great Circle will reiterate their desire to lodge an F1 entry or wait for another year. Until now, only USF1 and Campos Racing have submitted an application for a 2010 spot.
The official registration period will close today, at midnight, but the majority of teams will submit their paperwork several hours earlier.
However, as yet rumored via some internal sources, the teams have conditioned their future participance in Formula One by governance changes for the upcoming Concorde Agreement. A new contract between the F1 teams and the FOM – through 2012 – is due to be signed later this year, and it seems it is Ferrari that seeks new governance terms for the new deal.
However, an official confirmation of this last rumor is to be made (or not) via a FIA or a FOTA statement later this week.