With Ferrari, McLaren, Red Bull and Mercedes reportedly having met to discuss F1's future, smaller teams have called for the sport to pose a united front.
With the Concorde Agreement, the document by which Formula One is governed, set to expire in 2012, the sport faces an uncertain future.
There are, according to Ferrari President Luca di Montezemolo, three routes which the teams could opt to go down in the next 18 months.
The first is to sign a new Concorde Agreement with Bernie Ecclestone and CVC, keeping the status quo while the second is to "create our own company, like the NBA. Just to run the races, the TV rights and so on."
As for third, that would be to "find a different partner. Bernie Ecclestone did a very good job but he has already sold out three times, so he doesn't own the business any more. It is CVC that will sell.
"It will be the teams' decisions. At the end of 2012 the contract will expire, so theoretically CVC doesn't own anything. I think it is important to have alternatives. We will see. We have time to do it."
And with Rupert Murdoch's News Corp, together with Italian investment company Exor, opening stating they are keen to purchase F1 from CVC, only time will tell which option the teams go for.
"The most important thing we do now is to stick together," an unnamed team boss with one of the smaller outfits told The Guardian.
"We had a FOTA meeting in Istanbul on Sunday and there was unprecedented unity among all 11 teams.
"This has not always been the case in the past 20 years. In fact we have often lost out by not showing a united front.
"What we talked about on Sunday was the idea of breaking away and running the sport ourselves. We feel the sport is being under-promoted.
"For example, in this day and age we should be making far greater use of new technology, such as the internet and iPad."
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