FIA and FOTA reach agreement on F1 future

Motorsport boss Max Mosley says there will be no breakaway F1 championship in 2010 after teams agree deal

FIA and FOTA reach agreement on F1 future

FIA President Max Mosley announced today that he will not stand for re-election next October, in a move that appears to have saved the Formula One championship from imploding.

Max Mosley's announcement came after a meeting of the World Sport Council in Paris, in which he also claimed that a deal has been reach with the FOTA members which will result in a 'unified F1' and which ends the threat of a breakaway series.

It is expected that F1 Boss Bernie Ecclestone played a very important and important role in reaching this agreement between the FIA and the FOTA.

Many fans and decision-makers of the Formula One in the Middle East region feared that such a possible split between the FOTA and the F1 would have affected the inaugural F1 Abu Dhabi on the 1st of November 2009 as well as the following seven Abu Dhabi F1 Grand Prixs..

More details to be released at a later stage.