An announcement on its official Twitter account today stated: “I can confirm that FOTA has today 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 One.”
FOTA originally represented all the Formula One teams but at the time of being disbanded only seven of the eleven competitors were members: McLaren, Mercedes, Williams, Lotus, Force India, Marussia and Caterham.
The organisation was founded in 2009 as Formula One teams sought to oppose the efforts of FIA president Max Mosley to impose a drastic change in regulations on the sport. Once that had been achieved FOTA’s members agreed their own framework for cost controls called the Resource Restriction Agreement.
However disagreement over how the RRA should be enforced led to a split in the teams’ unity, and in December 2011 Ferrari, Red Bull and Sauber left the body.
This badly weakened FOTA’s bargaining power but the body continued to play a role in F1 decision-making. It also ran a series of fan forums at which supporters had the chance to quiz senior team members and drivers, and put across their views about the sport.
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