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Q: Renault and Ferrari have said they may not lodge their entries for 2010. Are you worried about your future?
Fernando Alonso: Yes, very worried.

Q: So how difficult is it to concentrate on racing, when you perhaps have doubts over where you will be driving next season?
FA: I try to concentrate on the business and switch off. We are here in Monaco, and I will 100 percent concentrate on the Grand Prix. It was true that last week at home I was asking myself if this will be the last time for me racing here in Monaco. Of course if the manufacturers decide to leave Formula One I would not want to race with a small team. If this were to happen, then this would not be Formula One anymore and there are many other categories. For me it is strange that no one sits down and starts thinking how much this is damaging this great sport, to give three or four new teams the possibility to enter, but lose maybe seven manufacturers, and also ten of the best drivers in the world.

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Teams agree to exit Formula One
Key meetings with President Mosley ongoing
22/05/09 18:18

FOTA keen to assert its power against the FIA

According to Formula One Teams' Association President, all teams have agreed to withdraw from Formula One at the end of the season should the sport’s governing body, the FIA, proceed with its plans to introduce a £40m budget cap for the 2010 season, the BBC reports this afternoon.

Few details are available as FOTA has concluded their meeting on board Flavio Briatore’s yacht anchored in Monte Carlo ahead of this Sunday’s sixth round of the championship at the Principality, but Ferrari President and FOTA Chairman Luca di Montezemolo has made clear the threat to exit the sport is far from a bargaining gesture.

The teams are now meeting with FIA President Max Mosley to state their case, presumably with their own cost cutting plans for the 2010 season and beyond, a move that Mosley believes is unlikely to yield a realistic alternative to the budget cap.

Asked if he was confident about the meeting with the FIA President, he answered: "We will see. We are all together," he said after the meeting on Force Blue.

"We will be in position to go to the FIA saying in a very constructive but very clear way the position of FOTA," Montezemolo continued.

Insisting that the proposition to Mosley will be final he added: "What is important is that our view of the future is absolutely in common. We want Formula One, we don't want something else."

With both sides seemingly unwilling to back down, the threat of a breakaway series has gone from an unlikely possibility, to a real threat to the governing body and commercial rights holders; Formula One Management.

Source: GMM

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"I prefer to race in any other category before the 'new' F1," former double World Champion Fernando Alonso, head of the GPDA, told the Spanish press after the meeting. "A model similar to GP2 or F3 is not interesting for any driver, for any sponsor or for any circuit or television network - in that case it would be a category without any sense. We'll have to see what the options are."

With the revealing of the 13 selected teams due next Friday and with potentially 18 current drivers having a possibility of not racing in F1 next year.

With another threat of a breakaway series very much alive again...Alonso added, "because you would see the technology and the fastest cars in the world and, in the end, that's where the drivers want to be."