Ferrari were the first team to signal this during the course of this weekend, through team principal Stefano Domenicali. The Italian said his team will not participate in nest year’s series if the FIA will not revise the budget cap concept from the 2010 regulations. So basically, the teams lodged their 2010 entries, but the pressure is still on the FIA. As argued by Domenicali, all 9 teams will do the same in case the ruling body won’t change the two-tier rules.
“The nine teams - Williams membership having been suspended - that currently make up FOTA, have put in entries for the 2010 championship that will only be valid if the Concorde Agreement is signed and if the regulations will be those currently in use, but modified as per FOTA's suggestions,” said Domenicali this weekend.
“The request to make the 2009 regulations the starting point, means there will be no budget cap,” added the Ferrari official.
In addition, he wanted to assure the FIA that the set of rules agreed upon by the FOTA will lead to the same objectives aimed by the ruling body, which are cutting costs inside the sport. Under the circumstances, the introduction of budget capping would make no sense, as the FOTA will also make sure the very DNA of the series will be kept.
“The FIA wants to significantly reduce costs with two objectives: to stop any more existing teams from quitting the sport and to allow for the eventual entry of new teams. Both these targets can be met: costs will be considerably reduced and, at the same time, there will be considerable efforts made by the current competitors in Formula 1 to stay in the sport.”
“If this happens and I really hope it does, I would prefer to say that Formula 1 is the winner: it will have kept its main characteristics of technological and sporting competition, it will have been assured of stability in the regulations and the long term commitment of the participants,” added Domenicali.
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