Found this on a website called ITVF1.com
All nine FOTA teams have submitted entries for next year�s world championship � averting the prospect of a mass boycott of Formula 1 by the sport�s established names.
FOTA issued a statement on Friday afternoon stating that all its members would commit to F1 through to 2012 on the provisos that a new Concorde Agreement is signed to provide guarantees about the sport�s future governance, and that the FIA accepts its modifications to the controversial budget cap proposal.
The announcement marks an apparent breakthrough in the long-running dispute between the teams� alliance and the FIA, although much will depend on the governing body�s response to FOTA�s pre-conditions.
The most striking of these is a demand that a new Concorde Agreement � long sought by F1�s commercial ringmaster Bernie Ecclestone � is signed by all parties by June 12, when the FIA has said it will publish the list of confirmed participants in the 2010 season.
FOTA said it wants a formal contract to give greater stability over the rule-making process, having been unhappy by the way proposals were pushed through the FIA World Council bypassing the F1 Commission.
In return for such guarantees, the teams will pledge their commitment to F1 for the next three years.
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