Williams signs F1 agreement

[Zytek_Fan]

The threat by F1 teams F1 to form a breakaway series has all but faded away as Williams team boss Sir Frank Williams signs up to join F1 supremo Bernie Ecclestone's Concorde agreement until 2012.

Over the last couple of years, the teams complained that they weren't getting a big enough share of the money that TV pumps into the sport, as a very sizeable proportion of it goes to Ecclestone's company. As a result, they were holding over Ecclestone's head the threat to break away and form their own F1-alike racing series.

However, with the Williams move, Ecclestone seems to have headed this one off at the pass, as the biggest hold-out until now joins Ferrari and Red Bull. Williams said that he believed the rest would now follow suit, saying that there's been less talk about the issue in recent months.

[lightweight]

I think that this was announced some time ago.
I think that Williams did the right thing, because this move serves its interest. In a Manufacturer Championship they would have no luck because of a lack of funding.

In a F1 Chamionship, they would capitalize on their heritage and past success.