The Formula One Teams' Association has tonight issued the following:

Representatives of all FOTA teams attended a meeting of the Sporting Working Group at the Nurburgring today.

During the course of this meeting, the team managers were informed by Mr Charlie Whiting of the FIA that, contrary to previous agreements, the eight FOTA teams are not currently entered into the 2010 FIA Formula One World Championship and have no voting rights in relation to the technical and sporting regulations thereof.

It will be remembered that all eight active FOTA members were included on the "accepted" entry list as endorsed by the FIA World Motor Sport Council (WMSC) and communicated by FIA press statement on June 24.

In light of these claims, the FOTA representatives requested a postponement of today's meetings. This was rejected on the grounds that no new Concorde Agreement would be permitted before a unanimous approval of the 2010 regulations was achieved.

However, it is clear to the FOTA teams that the basis of the 2010 technical and sporting regulations was already established in Paris.

As endorsed by the WMSC and clearly stated in the FIA press statement of 24 June "the rules for 2010 onwards will be the 2009 regulations as well as further regulations agreed prior to 29 April 2009". At no point in the Paris discussions was any requirement for unanimous agreement on regulations change expressed. To subsequently go against the will of the WMSC and the detail of the Paris agreement puts the future of Formula 1 in jeopardy.

As a result of these statements, the FOTA representatives at the subsequent Technical Working Group were not able to exercise their rights and therefore had no option other than to terminate their participation.

The FOTA members undertook the Paris agreement and the subsequent discussions in good faith and with a desire to engage with all new and existing teams on the future of Formula One.