Ferrari Still Against F1 Budget Cap
Ferrari has maintained its opposition to the proposed new F1 budget cap of £40m stating its decision to sign up conditionally for the 2010 season does not mean they will accept the new rules.
Ferrari and the eight other members of Formula One Teams Association (FOTA) have submitted a joint entry dependent on conditions being met by 12th June.
One condition is that they can operate under current technical regulations as opposed to the new plans put forward by governing body the FIA.
Ferrari had threatened to quit F1 after 60 unbroken years of competition if the FIA did not change the rules for the 2010 season which included an optional £40m budget cap.
However Ferrari’s decision to enter conditionally was seen as greatly reducing the likelihood of their departure from the sport.
However, if the conditions, put forward by FOTA members Ferrari, McLaren, BMW Sauber, Toyota, Renault, Red Bull Racing, Toro Rosso, Brawn GP and Force India are not met, Ferrari has claimed that the entries will be invalid.
The FIA is due to publish the official entry list for the 2010 season on 12th June.
Williams were suspended from FOTA after breaking ranks and signing up for next season on their own last week.
