Following months of dispute about the format for the 2010 F1 series the Formula One Teams Association (FOTA) have decided that they have no option other than to form a breakaway series.
The teams will most likely be joined by Lola and Prodrive who were surprisingly not included in the FIA preferred new entrants for the 2010 F1 series. The full line up will be Brawn, Ferrari, McLaren, Red Bull, Toro Rosso, BMW, Renault, Toyota, Lola and Prodrive.
The FIA say that Ferrari are contracted to F1 for 2010, but Ferrari says that their contract with the FIA has been broken due to the FIA ignoring their right to veto the changes proposed.
Red Bull and Toro Rosso are also in a similar position to Ferrari, with the FIA threatening to sue.
So as it stands F1 will include Williams and Force India, who broke away from FOTA due to their own contractual obligations, plus Team US F1, Manor F1 and Campos Racing.
I cannot imagine a proper F1 series without Ferrari so it will be interesting to see how things work out in the next few weeks.