Well, sort of. In fact FOTA (Formula One Teams Association) and FIA, the sport’s governing body, do need each other, and the tradeoff the teams got was having Max Mosley, FIA president, agree not to run for reelection in October as Supreme Leader. That will be a result very much to the good of the sport and its fans.
Edward Gorman of the Times Online put it well:
The reign of Max Mosley as ruler—for that is what he was—of world motorsport and Formula One has come to an end. Like all men who enjoy almost unfettered power, there was always a danger he would over-reach himself and that, in the end, has been the case with Mosley.
After constant battles with the teams and the recent imposition of a “voluntary” budget cap, the teams had had enough. Thus the split we reported. Nobody trusted the guy. Still, the sport needs a governing body, and it became apparent that the teams recognized this. If they split off from FIA, how would they organize themselves and pursue a viable 2010 season?
So, as one wag put it in the comments section of the Jalopnik story, “It means only that he’ll have a lot more time for Nazi orgies.” In the end, money talks, and the FIA controls a great wad of it.
Now, when and how are they going to get rid of Bernie Ecclestone, the other half of this dynamic duo?