New F1 Teams association
Posted: 30 Jul 2008, 01:20
At a meeting at Ferrari's Maranello headquarters on Tuesday, F1's ten teams agreed to establish a Formula One Teams Association (FOTA).
In a press release circulated by the famous Italian marque, Ferrari described the meeting, in the presence of CVC's F1 Chief Executive Bernie Ecclestone and Donald McKenzie, as 'extremely productive'.
The association will "work with the FIA (regulatory) and FOM (commercial) to agree upon regulations and commercial conditions which will provide a framework for a strong and dynamic sport," the statement outlined.
Full Ferrari statement
"All the Formula One teams met today in Maranello and held an extremely constructive meeting, in the presence of Bernie Ecclestone and Donald McKenzie. The teams have subsequently agreed unanimously that they will establish the new Formula One Teams Association to work with the FIA and FOM to agree upon regulations and commercial conditions which will provide a framework for a strong and dynamic sport."
E.A, Source: GMM © CAPSIS International
In a press release circulated by the famous Italian marque, Ferrari described the meeting, in the presence of CVC's F1 Chief Executive Bernie Ecclestone and Donald McKenzie, as 'extremely productive'.
The association will "work with the FIA (regulatory) and FOM (commercial) to agree upon regulations and commercial conditions which will provide a framework for a strong and dynamic sport," the statement outlined.
Full Ferrari statement
"All the Formula One teams met today in Maranello and held an extremely constructive meeting, in the presence of Bernie Ecclestone and Donald McKenzie. The teams have subsequently agreed unanimously that they will establish the new Formula One Teams Association to work with the FIA and FOM to agree upon regulations and commercial conditions which will provide a framework for a strong and dynamic sport."
E.A, Source: GMM © CAPSIS International
