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.
Chelsea vs Tottenham: Eden Hazard exclusive interview - All is rosy in the garden of Eden
Chelsea vs Tottenham combined XI: Hugo Lloris or Thibaut Courtois? Willian or Christian Eriksen? Who makes the final cut?
Arsenal vs Monaco: Theo Walcott 'involved in spat' with fans after Champions League defeat
Robbie Savage avoids driving ban - because he would get 'accosted' too much if he had to use public transport
Carl Frampton vs Chris Avalos; Tyson Fury vs Christian Hammer; Dmitry Chudinov vs Chris Eubank Jr - boxing on TV this weekend
- 1 Forget 'The Dress': Here are five of the biggest news stories you might have missed
- 2 The black and blue dress: Makers considering a white and gold version
- 3 PornHub turns masturbation into energy in bid to save the planet
- 5 Saudi Muslim cleric claims the Earth is 'stationary' and the sun rotates around it
New theory could prove how life began and disprove God
Half of Ukip voters say they are prejudiced against people of other races
This is what it's like to be dead, according to a guy who died for a bit
'Cash for access' scandal: Sir Malcolm Rifkind says 'unrealistic' for MPs to live on £67,000 salary
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Ukip would cut billions from Scottish budget to fund English tax cuts