This Update from the FIA WORLD MOTOR SPORT COUNCIL:
All currently competing teams have committed to the FIA Formula One World Championship. There will be no alternative series or championship and the rules for 2010 onwards will be the 2009 regulations as well as further regulations agreed prior to 29 April 2009.
As part of this agreement, the teams will, within two years, reduce the costs of competing in the championship to the level of the early 1990s. The manufacturer teams have agreed to assist the new entries for 2010 by providing technical assistance.
The manufacturer teams have further agreed to the permanent and continuing role of the FIA as the sport’s governing body. They have also committed to the commercial arrangements for the FIA Formula One World Championship until 2012 and have agreed to renegotiate and extend this contract before the end of that period. All teams will adhere to an upgraded version of the governance provisions of the 1998 Concorde Agreement.
Good thing they stuck it out, try asking the USFL what it’s like to start a new league. I’ve still got their jersey by the way.
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