In case you don’t follow the series, Formula 1 has been in state of flux for the past few years. 2009 saw a host of new rules introduced to make the sport once again exciting. Adding to the on-track drama has been the discourse off the track by the teams, race promoters, and drivers. Currently, Bernie Ecclestone (Formula One Management) and Max Mosley (FIM) are attempting to impose a £40 million budget cap on the teams, which follows their attempt to instigate a two-tier technical rule system for capped and uncapped teams.
Unwilling to follow such a system, the newly formed Formula One Teams Association (FOTA), has come together as a collective bargaining group aganst Ecclestone and Mosley. FOTA has raised the ante in their negotiations, and has now threatened to pull out of the 2010 Formula 1 season. Taking their toys and going home, FOTA plans on starting its own series, with perhaps Carmelo Ezpeleta, of Dorna fame, as its head.