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Ferrari and Red Bull leave Fota
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Ferrari and Red Bull leave Fota
by Martyn20 Mon Dec 05, 2011 3:34 am
Ferrari and Red Bull have quit the Formula One Teams Association (Fota), raising questions over the future of the organisation.
The two teams were frustrated that Fota has failed to reach an agreement on the sport's Resource Restriction Agreement (RRA) which caps the teams' spending.
"Fota's drive has run its course," said Ferrari in a statement.
A Red Bull statement added: "The team will remain committed to finding a solution regarding cost-saving in F1."
BBC Story
They can spend as much as they like now, something they have probably been doing all season anyway.
The two teams were frustrated that Fota has failed to reach an agreement on the sport's Resource Restriction Agreement (RRA) which caps the teams' spending.
"Fota's drive has run its course," said Ferrari in a statement.
A Red Bull statement added: "The team will remain committed to finding a solution regarding cost-saving in F1."
BBC Story
They can spend as much as they like now, something they have probably been doing all season anyway.
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