Compromise Close In F1 Budget Row
The ongoing row over a proposed £40m budget cap for F1 teams appears close to resolution after world motorsport governing body the FIA received a letter detailing a compromise solution from the teams’ representative body FOTA.
The two parties have been in dispute over plans for a budget cap, aimed at attracting new teams to F1, and the future control of the sport.
FOTA have now responded to a letter from FIA president Max Mosley after he urged them to this week submit an unconditional entry for next year.
Mosley made it clear if they did so, he would sit down with all the confirmed entrants and listen to their proposals with regard to the shaping of the regulations for 2010.
An FIA spokesman said: ‘The FIA has received a letter and various attachments from FOTA, the contents of which are not entirely negative, and we are currently examining the details.’
However, it is not the first time that an end has looked in sight – the teams and the FIA staged meetings around the Monaco Grand Prix but failed to come to an agreement.
Meanwhile, three new teams look set to join the grid for the 2010 season. The FIA will confirm the list of teams due to compete in F1 next season on Friday, with 10 teams lodging applications to join the grid from next season.
