Formula One dead?

[Galaxy]

I know we don't have much of a F1 crowd here, but I found the news of 8 teams (Ferrari, the main draw, leading the teams) announcing they are breaking away to form a new series next year. I believe that Monaco, the crown jewel in the F1 schedule, would go where Ferrari is going.

Formula One teams announce rival championship - CNN.com (http://edition.cnn.com/2009/SPORT/06/18/formula.future.alternative/)

Reminds me of the IRL/CART spilt, but the new series would have all the cards.

[Honolulu Blue]

This could be very interesting. I'll keep an eye on it.

[flere-imsaho]

Could be very interesting indeed.

[Ryan S]

This is just brinkmanship. At some point both sides will come to an agreement, with each side conceding something and claiming victory.

[QuikSand]

Wow, now we Americans can not care about F1 racing in new and different ways!

[Icy]

I hope it will succeed and both the nazi Mossley and Ecclestone (who gets 50% of the F1 rights, with the other 50% to be split between all the teams) will lose it all and will end with a devalued F1.

[stevew]

I didn't realize there was a difference between IRL/Cart/F1.

Or, yeah, what QS said.

[Ryan S]

Personally I am hoping the FIA win. F1 went downhill when the independent teams were replaced with manufacturers. It does not matter how high tech the cars are if the racing is boring.