FORMULA One has been thrown into chaos after the Formula One Teams Association (Fota) carried out its threat to set up a rival championship in 2010, reported BBC today (read story here).
Fota had been against the voluntary budget cap proposed by world motorsport boss Max Mosley, which would have resulted in a two-tiered competition, and had been in negotiations with FIA and F1 rights owner Bernie Eccelstone recently over the issue.
Negotiations have now broken down and eight teams – Brawn GP, Ferrari, McLaren, Renault, Toyota, BMW Sauber, Red Bull Racing and Toro Rosso – have indicated that they will set up a rival championship next year instead of participating in the 2010 F1 season.
With some of the more illustruous names now out of F1, would you still watch the championships, of which one race is held in Singapore?