Following Monday’s confirmation that the team has submitted its formal entry for the 2010 FIA Formula One World Championship, the Formula One Teams Association has today decided temporarily to suspend Williams F1 from membership of FOTA.

“FOTA’s decision, although regrettable, is understandable. However, as a racing team and a company whose only business is Formula One, with obligations to our partners and our employees, submitting our entry to next year’s Championship was unquestionable,” said Frank Williams, Team Principal. “In addition, we are legally obliged under our contract with FOM and the FIA to participate in the World Championship until the end of 2012.”

Williams