F1 row inches towards resolution

Formula One appears to be closing in on an agreement that will end the civil war between the teams and the sport’s governing body (FIA).

The teams’ umbrella group (Fota) and the FIA are in talks aimed at reaching a compromise over the disagreement.

The two parties have been in dispute over plans for a budget cap and the future of the sport.

Sources say negotiations are at a “delicate stage” but both sides are hopeful of reaching an agreement.

Fota have responded to a letter from FIA president Max Mosley after he urged them to this week submit an unconditional entry for next year.

Mosley made it clear if they did so, he would sit down with all the confirmed entrants and listen to their proposals with regard to the shaping of the regulations for 2010.

An FIA spokesman said: “The FIA has received a letter and various attachments from Fota, the contents of which are not entirely negative, and we are currently examining the details.”

However, it is not the first time that an end has looked in sight – the teams and the FIA staged meetings around the Monaco Grand Prix but failed to come to an agreement.

A meeting then took place between drivers and team principals representing eight members of Fota at the Turkish Grand Prix.

From BBC