Red Bull Racing Join Boycott of 2010 Rules

Red Bull Racing are the 4th team to announce they will not take part in next year's Formula One Championship if the current FIA regulations on the voluntary budget cap are kept. The Red Bull-backed team, controlled by Austrian billionaire Dietrich Mateschitz, have confirmed a two formula series is not an option for them, and expect a rule change in the upcoming weeks in order to apply for an F1 entry for 2010.

“Conditions at the moment are not so, that we would enter a team for next year,” said Mateschitz in an interview for Austria's Salzburger Nachrichten newspaper. While revealing his decision, he also warned the FIA that they're looking at only two or three teams to actually agree with the new regulations.

“Of the teams now, only two or three will remain,” suggested the Austrian in the same interview.

Ferrari, BMW and Toyota have recently called out to the FIA for a rule change in terms of budget caps, or else they'll revise their F1 programmes for the upcoming season. What they don't agree with, apart from the limiting of the costs, is that the new rule could create a 2 formula series in 2010.

Under the current rules, the teams applying for the budget caps will benefit from several financial aids from the FIA, apart from a significant technical freedom. This would make for some unfair competition inside the sport, something that all F1 manufacturers are finding unacceptable .

The Formula One Teams Association (FOTA) is to meet with FIA's president Max Mosley next week, in London, to discuss the aforementioned rule. If the two parties do not reach an agreement, it is expected that the FOTA will boycott the May 29th deadline for submitting applications for the 2010 F1 entry list.