F1 teams to meet with Mosley in Monaco
Friday 22 May 2009
Formula One teams were meeting with FIA president Max Mosley today for further talks over a planned budget cap that has led Ferrari to threaten to pull out of the sport.
With the Monaco Grand Prix enjoying its traditional off day, the Formula One Teams Association was meeting beforehand on Renault team principal Flavio Briatore's yacht to draw up further proposals and show a united front.
"We are all together," Ferrari president Luca di Montezemolo said after leaving Briatore's yacht. "We are in a position to go to the president of the FIA stating very constructively and very clearly the position of FOTA."
Mosley wants to introduce a voluntary team budget cap of £40m starting in 2010. Teams would be given greater technical freedom with the rules if they accept the cap.
Ferrari and some other teams believe the system will create a two-tier competition and watered-down version of the sport. Ferrari unsuccessfully attempted to block the move through a Paris court earlier this week.
The Italian team, which has raced in every F1 GP since 1950, and the other nine teams have until 29 May to sign up for next year's championship, a position that Di Montezemolo reiterated on Friday.
"We think the issue is much more complex and needs good thought. It needs to be thought through well," BMW Sauber team principal Mario Theissen said. "Formula One is a very strong brand, a very strong platform. The stakeholders are benefiting from it, so there is really no point in destroying that platform."
F1 boss Bernie Ecclestone sided with Mosley on Thursday, although he said preferred to see an F1 with Ferrari than without it.
Williams team principal Frank Williams urged Ferrari to avoid drastic action but wasn't begging for the Italians to remain.
"Ferrari now don't really need this help. They're a very, very strong and wealthy team," Williams said. "It will be a great shame if they do go but if they go, I hope that it won't be in a fit of pique. It would be better for them to put their cap on and come inside."
Wimbledon 2015: Ball boy collapses in the heat on Court 17
Petr Cech blasts Chelsea supporters who sent him death threats after £11m Arsenal transfer: 'They are not true fans'
Nathaniel Clyne joins Liverpool: Transfer news live - Arda Turan decision, Petr Cech reaction, Sergio Ramos to Manchester United
Christian Benteke to Liverpool: Aston Villa striker ready to reject Tottenham
Football kits 2015/16: The good, the bad and the downright worst new shirts from around the world for next season
- 1 Tunisia hotel attack: Locals form 'human shield' to protect hotel from gunman Seifeddine Rezgui
- 2 Iain Duncan Smith's expenses credit card is suspended after he runs up £1,000 debt to taxpayer
- 3 German ethics council calls for incest between siblings to be legalised by Government
- 4 French woman dies in freak bungee jumping accident
- 5 Jennifer Garner and Ben Affleck to divorce and end their 10-year marriage
The moment a Queen's Guard soldier lost it and drew his gun at annoying tourist
Greece crisis: IMF was pushed around by Angela Merkel and Nicholas Sarkozy – and now it is being humiliated
Greece crisis: The wider lesson is that it’s time to abandon this failed experiment in currencies
'I wish the BBC would stop calling it Islamic State' – David Cameron unleashes frustration at broadcaster
Pentagon accuses Russia of 'playing with fire' over nuclear threats towards Nato
They are neither a 'state' nor 'Islamic': Why we shouldn't call them Isis, Isil or IS