Teams hold council of war on Briatore's luxury yacht

The war between the FIA and the 10 Formula One teams neared crisis point in Monaco yesterday when the Formula One Teams Association made it clear, after repeated failure to agree terms with the governing body, that they are no longer prepared to accept the current governance of the sport.

The teams met aboard Renault principal Flavio Briatore's yacht in the harbour ahead of a lengthy meeting with FIA president Max Mosley in which they sought to hammer out a solution to the impasse over Mosley's insistence on a $60m voluntary budget cap for 2010.

Most acknowledge the need to restrict budgets, but many are opposed to a two-tier system under which teams who sign up to a budget cap are granted a superior technical package. Ferrari president Luca di Montezemolo was present at the meetings, having missed the last FOTA/FIA meeting in London due to the death of his father. He is at loggerheads with the FIA after a Parisian court last Wednesday rejected Ferrari's bid to invoke a technical veto to stop Mosley going ahead, and because Mosley said that F1 could survive without its longest-serving team.

"Formula One would not be the same without Ferrari," Di Montezemolo told Gazzetta dello Sport, "but no team is indispensable." After the initial meeting, he said: "We will not enter in the championship with these rules and this governance. So we have to discuss about the possibility to change the situation. We want Formula One, not something different."

The scene may now be set for the teams to consider the breakaway championship that was mooted back in 2005, but Di Montezemolo was cautious. "We will see," he said.

After the meeting with Mosley, Di Montezemolo added late last night: "It was a long and constructive meeting. FOTA will have another meeting tomorrow, and then there will be another meeting with Mosley."

Mosley said: "Most of the teams understand that we cannot continue to spend at current levels. It was a good, constructive meeting. I am hopeful there will be an agreement."

Have you tried new the Independent Digital Edition apps?
News
i100
Arts and Entertainment
Billie Piper as Brona in Penny Dreadful
tvReview: It’s business as usual in Victorian London. Let’s hope that changes as we get further into the new series spoiler alert
Arts and Entertainment
Sarah Lucas, I SCREAM DADDIO, Installation View, British Pavilion 2015
artWhy Sarah Lucas is the perfect choice to represent British art at the Venice Biennale
News
science
Arts and Entertainment
No Offence
tvReview: No Offence has characters who are larger than life and yet somehow completely true to life at the same time spoiler alert
News
Chuck Norris pictured in 1996
people
Caption competition
Caption competition
  • Get to the point
Latest stories from i100
Daily Quiz
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

Career Services

Day In a Page

General Election 2015: Ed Miliband's unlikely journey from hapless geek to heart-throb

Miliband's unlikely journey from hapless geek to heart-throb

He was meant to be Labour's biggest handicap - but has become almost an asset
General Election 2015: A guide to the smaller parties, from the the National Health Action Party to the Church of the Militant Elvis Party

On the margins

From Militant Elvis to Women's Equality: a guide to the underdogs standing in the election
Amr Darrag: Ex-Muslim Brotherhood minister in exile still believes Egypt's military regime can be replaced with 'moderate' Islamic rule

'This is the battle of young Egypt for the future of our country'

Ex-Muslim Brotherhood minister Amr Darrag still believes the opposition can rid Egypt of its military regime and replace it with 'moderate' Islamic rule, he tells Robert Fisk
Why patients must rely less on doctors: Improving our own health is the 'blockbuster drug of the century'

Why patients must rely less on doctors

Improving our own health is the 'blockbuster drug of the century'
Sarah Lucas is the perfect artist to represent Britain at the Venice Biennale

Flesh in Venice

Sarah Lucas has filled the British pavilion at the Venice Biennale with slinky cats and casts of her female friends' private parts. It makes you proud to be a woman, says Karen Wright
11 best anti-ageing day creams

11 best anti-ageing day creams

Slow down the ageing process with one of these high-performance, hardworking anti-agers
Juventus 2 Real Madrid 1: Five things we learnt, including Iker Casillas is past it and Carlos Tevez remains effective

Juventus vs Real Madrid

Five things we learnt from the Italian's Champions League first leg win over the Spanish giants
Ashes 2015: Test series looks a lost cause for England... whoever takes over as ECB director of cricket

Ashes series looks a lost cause for England...

Whoever takes over as ECB director of cricket, says Stephen Brenkley
Fishing for votes with Nigel Farage: The Ukip leader shows how he can work an audience as he casts his line to the disaffected of Grimsby

Fishing is on Nigel Farage's mind

Ukip leader casts a line to the disaffected
Who is bombing whom in the Middle East? It's amazing they don't all hit each other

Who is bombing whom in the Middle East?

Robert Fisk untangles the countries and factions
China's influence on fashion: At the top of the game both creatively and commercially

China's influence on fashion

At the top of the game both creatively and commercially
Lord O’Donnell: Former cabinet secretary on the election and life away from the levers of power

The man known as GOD has a reputation for getting the job done

Lord O'Donnell's three principles of rule
Rainbow shades: It's all bright on the night

Rainbow shades

It's all bright on the night
'It was first time I had ever tasted chocolate. I kept a piece, and when Amsterdam was liberated, I gave it to the first Allied soldier I saw'

Bread from heaven

Dutch survivors thank RAF for World War II drop that saved millions
Britain will be 'run for the wealthy and powerful' if Tories retain power - Labour

How 'the Axe' helped Labour

UK will be 'run for the wealthy and powerful' if Tories retain power