Flavio Briatore has echoed Ferrari's accusation that Max Mosley's controversial Formula 1 budget cap will 'devalue' what is currently the pinnacle of international motorsport and 'bring down our image and our technology'.

In a scathing statement on its website last week, the Scuderia blasted: 'Wirth Research, Lola, US GPE, Epsilon Euskadi, RML, Formtech, Campos, iSport - these are the names of the teams which would compete in the two-tier Formula 1 wanted by Mosley.

'Can a world championship with teams like them - with due respect - have the same value as today's Formula 1, where Ferrari, the big car manufacturers and teams who created the history of this sport compete? Wouldn't it be more appropriate to call it Formula GP3?'

Related Articles

Briatore, it would seem, entirely agrees with Ferrari's vision of a 'watered-down' F1 - and with the deadline for all 2010 entries to be made approaching apace later this week on 29 May, the Italian suggested the impending crisis and loss of image as he sees it could easily be averted if only governing body the FIA listened to and acted upon the teams' fears and desires.

"We are devaluing Formula 1," the Renault F1 managing director insisted in an interview with Spanish newspaper El Mundo. "It is not correct that teams of GP2 race with us; it brings down our image and our technology.

"It is said that the constructors will go, but with normal regulations, I do not believe that any constructor would go. What we cannot have is F1 with a little bit of Formula Two and a little bit of GP2. The small teams have to have success on the basis of their results.

"I began with a small team, Benetton, and with clear regulations we competed with McLaren and Ferrari and won in 1994 and '95 with a budget 80 per cent smaller. We never asked for different regulations. We want a Formula 1 that is unique, with the best technology and the best teams and drivers."