Ferrari has confirmed that it will not enter next year's world championship unless plans for a voluntary $40 million budget cap are changed. Although the team had expressed private reservations about the rule changes and governing processes for 2010, it finally went public with its intentions in a statement issued following a board meeting at Maranello on Tuesday afternoon.
"The same rules for all teams, stability of regulations, the continuity of the FOTA's endeavours to methodically and progressively reduce costs, and governance of Formula 1 are the priorities for the future," said the statement."If these indispensable principles are not respected and if the regulations adopted for 2010 will not change, then Ferrari does not intend to enter its cars in the next Formula 1 world championship. "Entries for the 2010 world championship close on May 29, with Toyota and Red Bull's two F1 teams having already announced in public that they will not enter if the rules remain unchanged. It is thought likely that the other manufacturer teams will also join a 'boycott' of lodging an entry by the deadline - with only the current independents Brawn GP, Williams and Force India outfits set to apply.
Is it just me, or is this the largest player in Formula One saying “If you don’t play the way I want, I’m taking my toys home and playing by myself” – My opinion, it would be a huge mistake for Ferrari.
