This season’s Formula 1 World Championship saw previously heretic talk of budget caps and redundancies. Huge sponsorship contracts and $300m-plus budgets became hard to justify – Honda went and BMW is going. Despite this, the season has been as exciting as ever, both on and off the track.
Governance of F1′s circus is the realm of the Federation Internationale de l’Automobile (FIA). The FIA’s World Motorsport Council (WMSC) governs events regulated by the FIA, and the FIA International Court of Appeal (ICA) is the final appeal tribunal for international motor sport.
