After weeks of warring between the FIA and FOTA, a deal has finally been made to keep the Formula One Championship on track, for the next few years at least, avoiding the recent threat of a breakaway series. As part of the new found peace, current FIA President, Max Mosley, has announced that he will not be standing for re-election and will be standing down from his role in October this year.

When reading the statement from the FIA it appears as if the sport’s governing body did a complete about face with FOTA being granted everything they were asking for, The budget cap that incensed so many is now gone and from this moment on, Mosley will have no further part in negotiations between the FIA and FOTA.

As a result of Wednesday’s meeting in Paris, 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.

Therefore, the list below will be on the grid in 2010.

Ferrari

McLaren

BMW Sauber

Renault

Toyota

Toro Rosso

Red Bull

Force India

Williams

Brawn

Campos

Manor

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