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Formula One Teams' Association disbanded
The Formula One Teams' Association (FOTA) has been dissolved following a decision by its members. The association was set up in order to bring the fans closer to the sport. At its launch, all 12 teams in operation at the time were members. However HRT followed by Ferrari, Red Bull, Toro Rosso and Sauber left following disagreements and efforts to lure them back failed. In a statement, Oliver Weingarten, FOTA's secretary general, said: "I can confirm that FOTA has been disbanded, as a result of its members having re-evaluated their requirements in the face of a changing political and commercial landscape in Formula 1." Changes, including president Martin Whitmarsh leaving his role...
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11y ago from TheF1Times.com
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