The Formula One Teams’ Association (FOTA) met today at Monza and announced that both Williams and Force India have rejoined the group. FOTA also confirmed that it is keen for negotiations to begin regarding the extension of the current Concorde Agreement.
that all teams competing in Formula One are able to join the association. FOTA therefore welcomes back into full membership both Williams and Force India,” read a statement. “The Executive Committee also looks forward to welcoming the new entrants [Campos, Manor and USF1] to join the association whilst they continue to prepare for next year’s championship.”
Both Williams and Force India had their FOTA membership suspended earlier in the year after independently agreeing terms to continue in Formula One at the time that the team alliance were looking at the possibility of a breakaway championship.
FOTA later decided to remain in the FIA sanctioned, Formula One Administration promoted series until the end of the 2012 season and are now looking to enter into talks regarding 2013 and beyond.
"The FOTA Executive Committee looks forward to working with the FIA and Commercial Rights Holder to promote a healthy, dynamic and sustainable sport," the statement continues. "To this end, FOTA intends to now enter into open discussion with the Commercial Rights Holder with the wish to confirm arrangements beyond 2012."
The team alliance went on to announce that it is to arrange a seminar open to the teams, media and sponsors to discuss creating “a more attractive spectacle for the fans.”