F1 'Parodia': FIA Adds Ferrari to 2010 Entry List, Scuderia Says We're Not Taking Part

And the dispute continues. On Friday, the Federation Internationale de l'Automobile (FIA) published on its official website the entry list for the 2010 season Formula One World Championship that included Ferrari as a participant. The Italians immediately took action issuing a statement that reconfirmed their intentions to boycott the 2010 season due to a disagreement with the sport's governing body decision to introduce a £40 million (around US$65 million) budget cap into Formula One from next season.

"Ferrari submitted on 29 May 2009 an entry to the 2010 FIA Formula One World Championship which is subject to certain conditions. As of today, these conditions have not been met," said Ferrari in a statement.

"Notwithstanding this and despite Ferrari's previous written notice to the FIA not to do so, the FIA has included Ferrari as a unconditional participant in next year's Formula One World Championship. For the avoidance of any doubt, Ferrari reaffirms that it shall not take part in the 2010 FIA Formula One World Championship under the regulations adopted by the FIA in violation of Ferrari's rights under a written agreement with the FIA."