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FOTA and the FIA clash over budget caps // Several teams start to question the future of Formula 1

Published by Christine

FOTA and the FIA clash over budget caps
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Welcome to F1Minute, today is the 11th May.

Although the weekend was dominated by the racing action, several of the teams have started speaking out about the budget cap system set for 2010. The original FOTA statement simply said they wanted to meet with Mosley to discuss the matter urgently, we’re now finding out how they really feel.

Firstly Mario Theissen hinted that it would be much harder to sell the BMW board the idea of a two-tier championship, harder in fact than the idea of no results this year. Then Toyota claimed they would be thinking hard about their future in the sport if the budget caps went ahead unchanged. Red Bull have said they will definitely not submit an entry unless something changes, and Ferrari, who appear to be against the idea of a budget cap altogether, have announced the board of directors will meet tomorrow to discuss their future involvement in the sport.

Things are looking tough, and di Montezemolo (in his FOTA role) and Mosley are set to meet before the Monaco Grand Prix to discuss the situation.

That’s it for today, I’ll be back tomorrow with another F1Minute.