As the major manufacturers in F1 are increasingly unhappy with the current state of F1, particularly with the way the FIA creates and enforces its rules and the way Bernie Ecclestone distributes the money, they have threatened to start their own championship in 2008 once the current contract (known as the Concorde Agreement) between the teams and F1 expire. Recent events in Indianapolis have done nothing to calm the waters,
http://www.thecarconnection.com/Industry/Daily_Edition/Daily_Edition_Jun_24_2005.S173.A8809.html

First IMSA , then Indycars , now F1 ...Bernie beatter get out and hand the controlls over to someone less eccentric and more saine ....

I wish Tony George would do the same ...Too bad we are out of hullmans and stuck with what equates out to be the love child between a hullman daughter and a 2 bit Roadster era indy driver ....What could we exapct from people who also own the "clabber girl" baking soda company

There has been tention amongst the F1 teams and the series for a few years. This only served to remind them about the poor the series management.

Nine teams, and the manufacturers Mercedes, BMW and Renault with interest from Toyota and Honda, have already been exploring the option of forming a competing series. I beleive they have already gone as far as forming an organization, although I forget the name was they chose.

If the IRL and Champ Car could reunify, it could offer another alternative place for these manufacturers to land. F1 was once very worried about CART in the early '90's. Now the IRL and Champ Car both worry about filling the field, the stands and the effect the split has had on their falling TV ratings.