FOTA disbanded ahead of 2014 season
28 February 2014 – The Formula One Teams' Assocation (FOTA) has disbanded after almost six years, citing "insufficient funds to continue, and lack of consensus on a revised non-contentious mandate" as the main causes.
"I can confirm that FOTA has today been disbanded as a result of its members' having re-evaluated their requirements in the face of a changing political and commercial landscape in Formula 1," read a statement issued via the official FOTA Twitter account, controlled by Secretary General Oliver Weingarten.
Founded back in 2008 and initially representing all Formula 1 teams, FOTA served to challenge former FIA President Max Mosley, who was attempting to impose drastic rule changes, including a strict budget cap.
FOTA went on to agree its own cost-control framework under the Resource Restriction Agreement (RRA). This, however, caused frictions amongst members moving forward, and led to Ferrari and Red Bull's departure in December 2011. Sauber and Toro Rosso, both using Ferrari engines at the time, quickly followed suit.
The group, which staged a series of popular fan events, continued in the following years, but had less negotiating power when key factors, such as the Concorde Agreement, were tabled for discussion.
Mercedes, Lotus, McLaren, Force India, Williams, Marussia and Caterham were members when it collapsed.