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FOTA disbanded

Friday 28-February-2014 13:25

The days of the Formula One Teams' Association are over, according to secretary general Oliver Weingarten.

Earlier this month a report emerged claiming that FOTA's days could be numbered.

The report in the Telegraph cited "substantial" financial problems and a weakening of FOTA following the departure of four teams that include Ferrari and Red Bull.

The Association had until the end of the month to decide its future with an announcement of its disbandment coming on Friday.

Weingarten, FOTA's secretary general, told Autosport: "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."

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