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FOTA on verge of collapse

The Formula One Teams' Association could collapse before "the end of the month", according to a report in the British press. Formed in 2008, FOTA's initiative was to put the teams' interests first, speaking as one voice. However, as the years have gone by, FOTA's influence has lessened to the point that it only comprises seven teams after the likes of Ferrari and Red Bull withdrew. According to the Telegrah, FOTA "faces unpaid subscription fees, deadlock among the 11 teams about its purpose, and the loss of its chairman and principal cheerleader. "Sources at FOTA said it is suffering "substantial" financial problems, and had until the end of the month to...
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6mo ago from PlanetF1.com 0
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