Formula One reach agreement over 2010

Max Mosley, the president of motorsport’s governing body the Federation Internationale de l’Automobile (FIA), has said there "will be a unified Formula One championship in 2010." The statement comes after Mosley spoke to the FIA’s World Motor Sport Council and the Formula One Teams’ Association (FOTA), at the governing body’s headquarters in Paris. It seems FOTA, as the representitive of all eight teams that had threatened to set up a rival series, have settled their differences with the controversial racing boss. Mosley has reportedly confirmed a cost-cutting deal has been reached with those concerned which has ensured a deal for the next season.

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