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post #1 of 3 (permalink) Old 06-11-2009, 06:57 PM Thread Starter
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11th hour meeting

Mosley meets teams as zero-hour looms (GMM) In what is no doubt an eleventh-hour effort to stave off disaster, Max Mosley is meeting with the FOTA teams in London on Thursday.

Less than 24 hours before the FIA publishes the entry list for the 2010 world championship, a standoff that saw the eight teams lodge only conditional entries by the recent deadline is still yet to be resolved.

The Formula One Teams Association, whose expelled members Williams and Force India broke ranks and signed up unconditionally for next year's season, met in London also on Wednesday.

The remaining members, comprising Ferrari, McLaren, Renault, Toyota, BMW Brawn and the two Red Bull teams, do not accept FIA president Mosley's budget cap plans, and also want a new Concorde agreement signed immediately.

The danger of Friday's entry list is that it could lock the rebel teams out of formula one, pushing them into following through their threat to set up a rival series.

Mosley this week urged the FOTA teams to drop the conditional status of their entries before Friday, and we reported on Wednesday that the Briton also wrote a separate letter to Ferrari.

It emerges that, in the letter, Mosley softened his stance in several areas, including agreeing to taper the cap from 100m to 45m euros in 2010-2011, agreeing to shortly sign a new Concorde, and - believed to be at the teams' behest - renaming the budget cap provisions to "financial regulations".

He also confirmed speculation that another highly paid employee per team, for example Red Bull's Adrian Newey, can be left outside the cap.
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post #2 of 3 (permalink) Old 06-14-2009, 11:49 PM
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Meetings roll on as another F1 deadline looms

Meetings roll on as another F1 deadline looms
Montezemolo repeats readiness for new series
14/06/09 17:03


Montezemolo fully ready to turn the page
Formula One bosses' glut of meetings will roll into yet another week on Monday, as the rebel FOTA alliance jets into Heathrow airport.

After the May 29 entry application deadline and the June 12 publication of the 2010 entry list by the sport's governing body FIA, the next 'D-Day' is set for Friday June 19.

The latest demand from the FIA is that the eight Formula One Teams Association members' conditional entries be dropped by that date. Renault, Ferrari, Toyota, BMW, McLaren, Brawn, Red Bull and Toro Rosso continue to insist that their own common demands be met.

The hope for the next London summit must be that the seemingly ever-deteriorating, ever-improving crisis can be resolved before the Friday close-of-business deadline, when the cars are due to be practicing at Silverstone ahead of the British Grand Prix.

The F1 drama intervened even at Le Mans this weekend, where the French circuit played host to the world-famous 24 hour sports car race.

FOTA chairman and Ferrari President Luca di Montezemolo was on hand to start the fabled event, and took another opportunity to warn that the teams are serious about abandoning the Formula One series.

"If it is necessary, the big manufacturers are ready to organise an alternative World Championship," he told Italy's Sky television.

As for the coincidence of the F1 crisis and his visit to the Circuit de la Sarthe, Montezemolo admitted that seeing a red car in the top LMP1 class at Le Mans is a possibility: "A Ferrari at Le Mans? Why not?"

"If we can no longer race in F1 this would definitely be an option."

On Friday the European Automobile Manufacturers' Association released a statement supporting the FOTA teams and insisted that "the current governance system cannot continue."

The ACEA also indicated its readiness to assist the FOTA members in establishing "an alternative way to practice this sport in a manner which provides clarity, certainty of rules and administration, and a fair allocation of revenues to the competing teams."

D.B. © CAPSIS International
Source: GMM
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post #3 of 3 (permalink) Old 06-15-2009, 03:56 AM Thread Starter
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That would be pretty interesting, Ferrari and some of the others in the Le Mans series. Certainlly with a budget cap F1 couldn't lay claim to the most technologically advanced series anymore.

Audi spend a ton of money dominating Le Mans in years past, it would be very interesting to see the FOTA teams come to play. Lord knows, the series could use the participation.
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