Formula 1 scandal: Ferrari and Red Bull left FOTA
Red Bull to tease Ferrari with funny Christmas card
FOTA confirms that it has received the resignation of the two teams. Taking into account the steps below, FOTA will continue to work on behalf of its members to achieve the objectives of the organization, “said organization’s secretary general Oliver Weingarten in a statement.
The group was formed at Ferrari’s Maranello base in 2008 to help the teams protect their interests in discussions with ruling body the FIA and F1’s rights holders.
The two teams which are probably the most prestigious on F1circuits, criticized FOTA for its failure to get to a deal on the RRA Resource Restriction Agreement, which aims to control costs and team budgets.
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“It was a hard decision, and we reflected much on this, acting reluctantly, after analysis of the current situation and the impasse on certain issues, which were at the center why the association was created,” Ferrari said in a statement , adding that it will still work with other teams to help the RRA become more effective in controlling costs. ”
Ferrari and Red Bull join thus Hispania Racing team who had quit FOTA at the final of its 1st season in 2010.