FOTA: All existing teams have entered for 2010
Ferrari's threat to quit Formula One would appear to be over after they on Friday joined their existing rivals in submitting a block conditional entry to compete in next year's world championship.
McLaren, BMW, Toyota, Renault, Red Bull Racing, Toro Rosso, Force India and Brawn GP have all confirmed their intention to compete in 2010, seemingly bringing an end to the recent civil war with the FIA over the voluntary budget cap.
However, despite compromises on both sides in recent negotiations, the nine teams have made it clear there are stipulations attached to their entry.
A statement on behalf of the Formula One Teams' Association read: "FOTA confirms all its members' long-term commitment to be involved in the FIA Formula One World Championship and has unanimously agreed further and significant actions to substantially reduce the costs of competing in the championship in the next three years, creating a mechanism that will preserve the technological competition and the sporting challenge and, at the same time, facilitate the entry in the F1 Championship for new teams.
"These measures are in line with what has already been decided in 2009 within FOTA, achieving important saving on engines and gearboxes.
"All FOTA teams have entered the 2010 championship on the basis that:
"1) The Concorde Agreement is signed by all parties before 12th June 2009, after which all FOTA teams will commit to competing in Formula One until 2012.
"The renewal of the Concorde Agreement will provide security for the future of the sport by binding all parties in a formal relationship that will ensure stability via sound governance.
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So the D-Day have repeated itself once again just like history when in 1944, the D-Day have shown the power of Allied Forces when they land on Normandy Beaches FOTA have submitted their entry forms under a unified command. And also as Lola also confirms their entry for next season it means we have 14 teams on the grid for now with may be one team also on the cards that is Epsilon Euskadi a Spanish outfit who have not confirmed whether they are entering or not.