Ferrari have made it clear they have no desire to compete in next year’s championship until, in their own words, “the condition of its entry are satisfied”.

Ferrari maintain that FIA president Max Mosley has failed to meet those conditions and is “in violation of Ferrari’s rights under a written agreement with the FIA”.

Red Bull Racing and Toro Rosso have also confirmed their loyalty to the Formula One Teams’ Association, despite the FIA granting them an unconditional entry.

As for McLaren, Renault, Toyota, BMW Sauber and Brawn GP, they have been given an extra week’s grace to submit their own unconditional entries, otherwise the FIA will return to the pool of potential new entrants.

In the wake of today’s announcement, the FOTA eight have drafted a letter to the World Council and FIA Senate imploring them to bring to an end the uncertainty of the last few weeks.

Under the heading ’Recommendations’, it reads: “We respectfully seek the intervention of the World Council to facilitate solutions to the present situation.

“We have attended numerous meetings with the FIA’s representatives and have been unable to make any substantive progress.

“The entry list has been published with five established teams listed as conditional entries and Ferrari, Red Bull and Toro Rosso, who against their will, have been classified as unconditional entries.

“All of these teams are united in their concerns about the present situation and are deeply worried about the crisis that Formula One now faces, a crisis that appears to be self generated.

“The teams wish to find a swift solution to the situation, but in case this cannot be done, they will reluctantly have to seek alternative solutions which protect them.

“In a final attempt to resolve this crisis, further meetings are scheduled for the next seven days.

“We would urge your support to ensure the outcome of these meetings achieves a solution that allows long established competitors to continue in their sport within a framework of sound governance and stability that will ensure the future and sustainability of Formula One.”

The bottom line is the teams no longer believe they can work with Mosley, with his governance at the heart of the issues that have raged since the 69-year-old unilaterally announced a voluntary €45m budget cap at the end of April.

Ferrari’s case centres around the fact they were granted a right of veto over any new regulations under a separate arrangement with the FIA in 2005.

They claim Mosley has breached that right, thus invalidating their contract with the FIA, and why they should not have been listed as an unconditional entrant today.

In the draft letter, FOTA seek “a balanced and transparent basis of governance” in the hope of restoring “a situation where the teams work in harmony with the Federation”.

Primarily, the letter focuses on the 2010 regulations and the cap which would have established a two-tier F1, which according to FOTA would cause “confusion and alienation of spectators, fans and the viewing public”.

The new teams – confirmed as Manor Grand Prix, Campos Grand Prix and Team US F1 - working within the cap would have been allowed a degree of technical freedom, whilst for those outside they would have been forced to apply this year’s rules.

Despite Mosley’s determination to cut costs and introduce fresh blood, FOTA argue Mosley “did not follow the FIA’s own statutes and principles and was too radical, even for the circumstances we face” (in terms of the serious economic crisis).

FOTA add: “We run a high risk of alienating and losing a number of Formula One teams who have been committed to Formula One for many years, both privateers and manufacturers.

“The prospect of losing eight well established and funded teams with provenance and history such as Ferrari and McLaren, and replacing them with the current unconditional entrants would be deeply disappointing to the teams and we believe to the detriment of Formula One as a whole.”

One grave area of concern surrounds the policing of a cap because as FOTA point out “it is the fundamental right of a competitor to manage and administer its business autonomously”.

FOTA have submitted an alternative policing proposal because in their eyes “it is unacceptable to consider the possibility that a large manufacturer or any team could be investigated for ’financial irregularities’ to establish compliance or to fend off accusations relating to a ’budget cap’.

“It would cause irreparable and irreversible damage to the team or manufacturer.”

It remains to be seen what action the remaining members of the World Council will take, in particular as Mosley is its head.