Formula One Teams Association
Wikipedia: Formula One Teams Association
The following section is an excerpt from Wikipedia's Formula One Teams Association page on 19 September 2019, text available via the Creative Commons Attribution-ShareAlike 3.0 Unported License.
The Formula One Teams Association (FOTA) was a group of Formula One teams that formed at a meeting in Maranello on 29 July 2008. The organisation was formed to give the teams a united voice in negotiations with the FIA and the Formula One Group regarding the future of Formula One. Initially led by Ferrari Chairman Luca di Montezemolo, FOTA's original aim was to negotiate the terms of the new Concorde Agreement, the commercial contract which governs the championship. A proposed budget cap for the 2010 season led to the FIA–FOTA dispute, which saw a number of Formula One teams rejecting the new regulations and threatening to establish a new racing series. The dispute was resolved with the signing of a revised Concorde Agreement. McLaren Team Principal Martin Whitmarsh, replaced Montezemolo in December 2009, and the group was involved in discussions with the FIA for future Formula One regulations. Four teams pulled out of FOTA at the end of 2011, and the association lost its purpose as the teams came to individual agreements ahead of a new Concorde Agreement in 2013. FOTA was formally dissolved in 2014.
|The Flying Lap, Episode 27: European GP; James Allen & FOTA Fans' Forum|
July 1, 2011
Today, in-studio, we are pleased to welcome James Allen to the show. A prolific author, TV presenter and observer of all aspects of F1, James has been an integral part of the sport since the early 1990s. The son of former racing driver, Bill Allen, James is today at the forefront of the FOTA Fans' Forum. After the first Forum launched in Montreal earlier this month, James will monitor the next Forum in Woking, UK, tomorrow on June 30th. In addition, we will also delve into this past weekend's European Grand Prix in Valencia.
This video is available under a Creative Commons Attribution 3.0 Unported (CC BY 3.0) License
Download The Flying Lap, Episode 27 at The Internet Archive
|19 June 2009td>Formula One teams to set up breakaway championship||Wikinews|
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