F1 bosses to meet over budget row
The Formula 1 teams are to meet motorsport boss Max Mosley on Friday in an attempt to resolve an escalating row over new rules for 2010.
Mosley, president of governing body the FIA, has introduced a voluntary budget cap of £40m, giving the teams operating within it greater technical freedom.
But many teams fear that could turn Formula 1 into a two-tier championship.
Ferrari, Toyota, Red Bull and Renault have all threatened to quit the sport if Mosley’s plan goes ahead.
The teams’ umbrella organisation Fota, whose chairman is Ferrari president Luca di Montezemolo will meet Mosley and F1′s commercial rights holder Bernie Ecclestone in London.
Ecclestone said: “The key to F1 is Ferrari. They have been there for 60 years. They are partners of ours. They are the people we need to take into consideration.
“At the moment everyone is hanging on to their apron strings. Sort that out and we will be OK.”
Renault boss Flavio Briatore said another change in the rules of the sport would be “unacceptable” for his team.
“The teams are F1 and the international federation should simply be the referee,” said the Italian.
“The rules should be written by us. They can’t be imposed by Max without him speaking to anyone. That’s an unacceptable way to work.
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