Last year when the FIA announced their massive rule changes for 2009 things looks set to really shake up the established order of things. And, as we enter the end of the first trimester of the season, I'd say that the predictions were correct.
Now, recently the FIA has announced a planned budget cap to take effect for the 2010 season. For established teams this means neutering their ability to outspend the young upstarts... which has typically worked. But, a change like this spending cap , especially coming so quickly on the heals of a major rules shake up, could destabilize the established order of things permanently. For young hopefuls the budget cap represents a dropping of the red velvet rope to a club that they've long since we denied entry. Could new teams establish entry into the exclusive world of Formula One and make a big enough impact to run to the front? And for sponsors, since budget caps mean a limit on spending, will this open up a new breed of sponsor to international exposure? Are we about to see a return of the privateer to the pinnacle of motorsport?
Following the completion of the applications process for teams to compete in the 2010 FIA Formula One World Championship, the following teams have been confirmed.
SCUDERIA FERRARI MARLBORO
SCUDERIA TORO ROSSO
RED BULL RACING
AT&T WILLIAMS
FORCE INDIA F1 TEAM
CAMPOS GRAND PRIX
MANOR GRAND PRIX
TEAM US F1
VODAFONE McLAREN MERCEDES* / McLAREN MERCEDES
BMW SAUBER F1 TEAM* / BMW SAUBER
RENAULT F1 TEAM* / RENAULT
PANASONIC TOYOTA RACING* / TOYOTA
BRAWN GP FORMULA ONE TEAM* / BRAWN TBA
*These five teams have submitted conditional entries which the FIA has invited them to lift following further discussions to be concluded not later than close of business on Friday 19 June.
The maximum number of cars permitted to enter the 2010 Championship has been increased to 26, two being entered by each competitor. Pending completion of the discussions referred to above, further due diligence is currently taking place on other potential entries. And those people are:
Lola
Campos Meta 1
Epsilon Euskadi
Formtech
Superfund
N.Technology
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