In what can only be considered a win for the Formula One Teams Association in its contentious stand-off with F1's governing body, the FIA president Max Mosley has agreed to not run for a fifth term this fall.
It was Mosley who pushed budget caps for the 2010 season, which were wildly unpopular with established teams such as Ferrari, Toyota, McLaren and Renault. There will apparently be no spending cap for next season, although the sport's commercial boss, Bernie Ecclestone has said that he expects costs will be brought in line with spending levels from the early-90s in two years. No specific details of the agreement have been released.
Eight teams, including most of the biggest, most competitive, threatened to start a rival series, taking the big-name drivers and big budgets with them.The teams have agreed to stay in Formula One reportedly to 2012 to get the deal done.
estreka says:
08:38 AM, 06/24/09
That's a very appropriate picture.
audipilot says:
01:22 PM, 06/24/09
Thank God...FOTA 1, Max Mosley 0.
firstwagon says:
03:12 PM, 06/24/09
Why does it look photoshopped?
desmolicious says:
04:26 PM, 06/24/09
"Why does it look photoshopped?"
They had to take out the riding crop and gag for good taste.
firstwagon says:
04:39 PM, 06/24/09
lol