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Nic Ladds 20th Jun 2009 - 19:21

Formula 1, all but finished?

The increasingly unstable world of Formula 1 as we know it has been all but given the death sentence, as eight of the ten teams currently on the grid have claimed a 'breakaway Championship' is inevitable.

After much negotiation and endless meetings, the Formula One Teams Association - FOTA - who could be referred to as a driver's Union, are at logger heads with Max Mosley and his FIA governing body over the proposed team budget caps.

After dramatic changes to the sport over recent years, with Mosley seemingly unwilling to budge in his efforts to cap the Formula One teams to a relatively mere £40m (you couldn't even buy a Kaka for that), F1 has now become a pantomime, with Mosley the evil villain.

The FIA's continuation in running the sport regardless of consultation with the teams, has eventually lead to FOTA and their members simply growing tired of this treatment.

Mosley may have thought, as have many others, that this was simply bluffing on the part of FOTA and dangerously decided to go all-in... FOTA 'called', and now Mosley must surely be sweating as F1 as we know it, now looks all but "finished" in the words of two-times World Champion Fernando Alonso.

The teams planning to create their own championship, under the guidance of FOTA are the current F1 Championship leaders Brawn GP, defending constructors champions Ferrari, Lewis Hamilton's McLaren team, Renault, BMW, Toyota, Red Bull and Torro Rosso.

These teams had conditional contracts, meaning they would only take part in the 2010 season if the agreements could be reached regarding not only the high profile budget capping, but also the management of F1 by the FIA.

This begins a chain of events which could spell the end of Mosley's governing body, as the drivers are of course contracted to the teams, not Max Mosley's FIA governing body.

If the teams leave, which now looks almost a done deal - so do the big stars, the crowds, sponsorship and therefore, the revenue.

Imagine an F1 season without the likes of Ferrari, the most successful team in Formula One who have been in the sport since the World Championship began.

Would the Premier League be the same without Manchester United? Clearly not.

The remaining duo of Force India and Williams have been suspended from the FOTA organisation after submitting unconditional entries for next year's season, meaning they would continue under Mosley's wing.

Max Mosley:  "we (FIA) have been running the sport for 60 years and we're going on carry on doing so"

Well yes Max, you can continue to run F1, but it now looks highly likely it will be without the majority of big names attached to this most glamorous of sports.

This decision is far from an emotional outbreak, or spur of the moment decision from FOTA who have been looking toward the A1GP as a business model.

Indeed, FOTA claim to have a number of tracks already willing to host the possible new races, a statement which the FIA see as making the endless meetings pointless, as the members of FOTA are already on their way out.

Previously, the president and CEO of Formula One - Bernie Ecclestone - had hinted that the projected budget capping may increase in exchange for a change in the motorsport's rules,  but this now looks a distant memory.

The situation will be the talk of the paddock as F1 fans say goodbye to Silverstone this weekend at the British Grand Prix.

The aging track will host Formula One for the final time on Sunday as Bernie Ecclestone and the FIA awarded rival track Donnington Park the 2010 British Grand Prix.

Former World Champion Damon Hill has however hinted that the breakaway group could happily use Silverstone for their meetings.

As it stands, next season could see two rival F1 championships running parallel to each other.

A situation which former F1 team boss Eddie Jordan believes would stand "absolutely not a chance" of being successful.

The story has not yet come to its climax and, although the breakaway looks increasingly likely, Max Mosley could still back down and continue to give F1 motor sport fans exactly what they want - fantastic, high profile, glamorous racing with the biggest names in the business.

Whatever the outcome of this historical Formula One decision, William Hill Online will continue to bring you our trusted betting service, with the latest prices on an array of betting markets.

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