F1 teams seek urgent talks on budget cap
Thursday 07 May 2009
Formula One teams have expressed concerns about rule changes for next season, including plans for an optional budget cap, and are seeking urgent talks with the governing FIA.
The Formula One Teams Association (FOTA) met in London on Wednesday to discuss the 2010 regulations published by the International Automobile Federation as well as the progress of negotiations over a new commercial agreement.
"FOTA has concerns with the decisions taken at the last WMSC (world motor sport council) meeting regarding the 2010 regulations and therefore asks to begin urgent consultations with the FIA," the body said in a brief statement.
The teams also agreed to continue working together "in a methodical manner" to agree further cost reductions for next year and 2011.
The FIA announced last week that teams willing to compete with an optional £40m cost cap would be allowed greater technical freedom than those continuing with unlimited budgets.
The regulations also stated that the 2010 drivers' championship would go to the winner of most races rather than the highest points scorer, a plan that the FIA shelved for this year after opposition from the teams.
The FIA also gave all teams, including would-be new entrants, a 29 May deadline to sign up for next year's championship and state whether they would be competing with a cost cap or not.
Paul Scholes: Manchester United vs Liverpool - I don't understand why Brendan Rodgers was not more attacking against Basel
Jesus Christ plays for Chelsea - that's what one in five children thinks
Transfer Talk: Nemanja Vidic to return to Manchester United; Hazard to leave Chelsea; Sunderland want Radamel Falcao
Frank Warren column: Don't bet on Amir Khan landing pay day against Floyd Mayweather
Manchester United transfer news: Kevin Strootman move edges closer
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Shock poll shows voters believe Ukip is to the left of the Tories
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Ukip candidate jokes about 'shooting peasants' in racist and homophobic rant
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre