The World Motor Sport Council met in Paris on 24 June 2009. The following decisions were taken:

FORMULA ONE WORLD CHAMPIONSHIP

All currently competing teams have committed to the FIA Formula One World Championship.

There will be no alternative series or championship and the rules for 2010 onwards will be the 2009 regulations as well as further regulations agreed prior to 29 April 2009.

As part of this agreement, the teams will, within two years, reduce the costs of competing in the championship to the level of the early 1990s. The manufacturer teams have agreed to assist the new entries for 2010 by providing technical assistance.

The manufacturer teams have further agreed to the permanent and continuing role of the FIA as the sport’s governing body. They have also committed to the commercial arrangements for the FIA Formula One World Championship until 2012 and have agreed to renegotiate and extend this contract before the end of that period.

All teams will adhere to an upgraded version of the governance provisions of the 1998 Concorde Agreement.

The following teams have been accepted for the 2010 FIA Formula One World Championship.

TEAM

SCUDERIA FERRARI MARLBOROVODAFONE McLAREN MERCEDESBMW SAUBER F1 TEAMRENAULT F1 TEAMPANASONIC TOYOTA RACINGSCUDERIA TORO ROSSORED BULL RACINGAT&T WILLIAMSFORCE INDIA F1 TEAMBRAWN GP FORMULA ONE TEAMCAMPOS META TEAMMANOR GRAND PRIXTEAM US F1

 CONSTRUCTOR

FERRARIMcLAREN MERCEDESBMW SAUBERRENAULTTOYOTASTR TBARBR TBAWILLIAMS TOYOTAFORCE INDIA MERCEDESBRAWN TBACAMPOS COSWORTHMANOR COSWORTHTEAM US F1 COSWORTH

In view of this new agreement and with the prospect of a stable future for Formula One, FIA President Max Mosley has confirmed his decision not to stand for re-election in October this year.