Ferrari won't race if conditions not met

The Maranello-based outfit was included on the official 2010 entry list because the FIA believes the team committed itself to racing in F1 as part of deals signed with the governing body and the FIA several years ago.

However, Ferrari insists that the terms of the agreement it made in the past have been breached by the FIA - which means it cannot be forced to race.

In a statement issued on Friday morning, Ferrari insisted that it will not compete next year unless it is satisfied with the rules in place.

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

"Notwithstanding this and despite Ferrari's previous written notice to the FIA not to do so, the FIA has included Ferrari as an 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."