The 27-year-old Renault driver said he would leave and join the new series after weeks of discussions and negotiations failed to deliver a compromise agreement between the Formula One Teams Association
Fernando Alonso convinced that there is no solution to rift
Two-time drivers world champion Spaniard Fernando Alonso said yesterday that Formula One is "finished" following revelations that eight rebel teams intend to set up their own breakaway series next year.
The 27-year-old Renault driver said he would leave and join the new series after weeks of discussions and negotiations failed to deliver a compromise agreement between the Formula One Teams Association (FOTA) and the sport's ruling body the International Motoring Federation (FIA).
Alonso said: "There is no solution so it is sad news, but that is the way it is. So I think that Formula One is finished. It will be standard engines for everyone, small teams and no drivers - for me, this is not the Formula One that the people want.
"The new series will be very attractive, with the biggest teams and the best drivers so everything stays the same, just maybe not name. This will be the new F1."
Alonso spoke following the overnight announcement from FOTA that they had lost patience with the FIA and its controversial president Max Mosley and had decided to launch their own series for 2010.
Alonso's comments were among a series of different reactions in the paddock as many close observers of the sport talked about the split created by the FIA's proposals for a 40 million pounds budget cap.
Former three-times champion Briton Sir Jackie Stewart, a long time adversary of Mosley, said that he felt the FIA president had "gone too far this time."
He said: "Max's way of ruling is bully-boy tactics - that's why the teams have got fed up. Someone will stand up to a bully eventually and stop it. That's the way it works."
