oldsaw wrote:
Shaun wrote:
Where did you find the contract? Please post a link.
http://www.fia.com/en-GB/mediacentre/pressreleases/f1releases/2009/Pages/fia_f1_co...
http://en.wikipedia.org/wiki/Concorde_Agreement
On 29 July, 2008, the ten currently competing teams created the Formula One Teams Association (FOTA) to negotiate the terms of contract. After a dispute between FOTA and the FIA in the first half of 2009, a new Concorde Agreement was signed by Mosely and all of the teams except BMW Sauber, which had announced its intention of withdrawing from the sport at the end of the season shortly beforehand. The new agreement provides for a continuation of the terms of the 1998 agreement, and runs until December 31, 2012. At the same meeting of the FIA World Motor Sport Council, a programme of resource restriction was also agreed upon, as were a revised set of sporting and technical regulations for the 2010 season.[8]
"Sorry, but I couldn't find a direct link to the actual contract. If you need a copy for direct proof, perhaps you can petition the FIA for a copy.
http://www.fia.com/en-GB/global/pages/contact.aspx
Again, my apologies for not providing a direct link, but from following the sport for decades, I know that teams pay a non-refundable bond upon entrance and acceptance to the F1 ranks and the cost has been as much as 30-40 million.
If you feel compelled to take me to task for not providing specific links, knock yourself out or do your own research."
Thanks for posting the links. There is nowhere near enough detail in them for a person to reasonably declare Toyota "in breach". The FIA release itself comes nowhere near stating that Toyota is in breach of the contract, and in fact they are rather polite towards Toyota about bailing. I do not doubt for a second that the teams pony up a non refundable fee, and I seriously doubt Toyota legal would bother to fight over that. One would need to see the contract(s) to even begin to state Toyota is in breach. As idiotic the management of F1 and FIA has been with Bernie and (retired)Max, I doubt Toyota legal is an organization even they would trifle with. Hence the toothless but somewhat huffy request from FIA seeking "urgent clarification" as to the team's "legal position".