The FIA has today issued the following:

"In view of the difficult economic conditions which continue to affect Formula One sponsors and major car manufacturers, the FIA is preparing radical proposals for 2010.

If adopted by the World Motor Sport Council, the new regulations will enable a team to compete for a fraction of current budgets but nevertheless field cars which can match those of the established teams.

These regulations will not affect the established teams which now have stable backing from the major car manufacturers, but will enable new teams to fill the existing vacancies on the grid for 2010 and make it less likely that any team will be forced to leave the Championship.

The proposals will be submitted to the World Council on 17 March."

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FIA preparing "radical" proposals for 2010 to encourage new teams

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