I don’t think FOTA ownership is such a great idea. FOTA is a very unbalanced organisation politically, with the bigger teams having a disproportionate influence. When you have the likes of Ferrari saying they don’t even want the smaller teams in F1 at all, you have to question whether FOTA would be capable of acting in the sport’s best interests.
I agree with this. You can’t have the people who play by the rules being the ones to set and enforce those rules. It’s one of the main reasons why the infamous breakaway series was doomed to fail from its inception. I’m all for giving the teams more influence, but I don’t think they should have a controlling stake. I very much doubt they have enough money to buy the rights, unless they pool their end-of-season payouts – but even then, the team who wins the WCC will have the most say in the running of the sport, and the teams that finish 11th and 12th will have none at all. FOTA already have enough bargaining power with the Concorde Agreement.