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F1 team association FOTA on verge of collapse
F1 team association FOTA on verge of collapse 17 February, 2014 The Formula 1 teams association FOTA, once a powerful and influential alliance, is on the verge of collapsing.
That is the claim of the Telegraph newspaper, revealing that with membership fees already going unpaid, the absence of FOTA chairman Martin Whitmarsh could now be the final straw.
Not only that, deputy FOTA chairman Eric Boullier, who has moved from Lotus to McLaren over the winter, 'is expected to step back from any prominent role' with the association, correspondent Daniel Johnson claimed.
A source told Johnson that FOTA, now with just 7 of the 11 teams on its books, is also facing 'substantial' financial problems,...
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