Team bosses are all now signed up to compete in next season's campaign Ferrari and the rest of the teams in the Formula 1 Teams' Association (Fota) have submitted conditional entries for the 2010 championship.
Williams announced on Monday that they intend to enter next season's campaign. McLaren, BMW Sauber, Toyota, Renault, Red Bull Racing, Toro Rosso, Brawn GP and Force India have now followed suit.
However, the teams have only signed up to the new season on the condition that they are able to operate on the basis of current technical regulations. The teams and the sport's governing body, the FIA, have been at odds in recent weeks over plans to introduce an optional budget cap in 2010. The teams have tried to meet (FIA president) Max Mosley halfway on this one - it remains to be seen now if he agrees to their terms
Those teams who pledged to keep costs under �40m a season would be allowed greater technical freedom than those outside of the budget cap, but many of the teams felt the cap was far too strict, fearing it would create a two-tier championship.
Ferrari, Renault, Red Bull and Toyota all threatened to pull out of the sport if the budgetary restrictions were to be forced through. It prompted a crisis meeting between Fota and the FIA a fortnight ago, talks which failed initially to provide an acceptable compromise. But at a meeting at the Monaco Grand Prix last week, it was agreed in principle to delay the cap until 2011, while motorsport boss Max Mosley has made other concessions to the teams on governance. And it appears enough progress has now been made on that to convince teams to sign up to the new season - on the condition that a new financial agreement with F1's management is reached by 12 June.
"It could be the end (of the budget cap row) but we won't know for certain until the FIA publish its list of accepted teams and drivers for the 2010 championship on 12 June," reported BBC Five Live's F1 commentator David Croft.
"At the moment, it's the current 10 teams plus Prodrive, USF1 and the Campos team from Spain. Those teams will be offered technical assistance from the current entrants who, in return for that, want a sliding scale of cost-cutting. "That means instead of a �40m cap next year, say a spend of around �80m that reduces to somewhere around �40m by 2011.
"The teams have tried to meet Max Mosley halfway on this one - it remains to be seen now if he agrees to their terms." A statement on behalf of Fota said: "Fota confirms all its members' long-term commitment to be involved in the FIA Formula 1 World Championship. "It has unanimously agreed further and significant actions to substantially reduce the costs of competing in the championship in the next three years."
The FIA now has until 12 June to confirm its intentions.
Toyota Motorsport boss, and Fota vice-chairman John Howett, whose team has long been rumoured to be quitting F1 at the end of the year, said: "We await a response from the Federation."
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