No budget cap compromise reached yet - The FIA and FOTA don't manage to come to an agreement
Published by Christine
Welcome to F1Minute for the 15th May 2009.
One day we’ll have an F1Minute without the words budget cap in them, but this is not that day. The FIA and FOTA met today at Heathrow to discuss the problems with the 2010 regulations. Luca di Montezemolo was unable to go due to the death of his father, so Stefano Domenicali went in his place. Max Mosley summed it up best after the meeting, saying: “It was quite a friendly meeting, but in the end all that happened was that the teams have gone off to see if they can come up with something better than the cost cap.”
The two sides couldn’t come to an agreement, with the FIA unwilling to budge on the budget cap figure. At the same time, though, Ferrari started legal proceedings against the FIA in France, suggesting that the governing body are going against the veto the team has against any new regulations. The veto was put in place in 1998. The saga continues.
That’s it for today, I’ll be back tomorrow for another F1Minute.
