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Resolution near in F1 budget row?

The Formula One Teams Association has written to the FIA seeking an 'urgent conclusion' to the ongoing dispute over the regulations for the 2010 F1 season.

In a move which the teams claim 'represents significant movement', the eight remaining FOTA teams – Williams and Force India aside – have contacted the governing body with a series of proposals which it believes could prevent the threat of an F1 breakaway by the current teams.

“We have come to the decision that the time has come when, in the interests of the sport, we must all seek to compromise and bring an urgent conclusion to the protracted debate regarding the 2010 World Championship,” the FOTA missive read. “We hope that you will consider that this letter represents significant movement by the teams, all of which have clearly stated a willingness to commit to the sport until the end of 2012.

“We would therefore strongly but respectfully submit that you consider these proposals and seek to avoid the potential departure from Formula One of some important teams. Now is the time to find a reasonable and rapid solution to the outstanding issues.”

In its letter, FOTA suggests that it would be prepared to commit to a new version of the Concorde Agreement governing the sport, although changes will be needed to modernise the agreement currently dating back to 1998.

The teams have also hinted that they could sign up to a version of the controversial budget cap if a firm of top independent accountants could be appointed to police it, while they would also be prepared to assist new teams coming into the sport from a technical point of view to ensure there would be no two-tier regulations.

In a response to the teams, FIA chief Max Mosley rejected a request to remove his deadline for teams to lift the conditions placed on their F1 entries from this Friday, but hinted that a compromise could now be close to end the feud.

While stating that it wouldn't be possible to put together a new Concorde Agreement in a short period of time, Mosley called on the teams to commit to the 1998 version in the short term so that discussions could be held on a 2009 Concorde Agreement and any revisions made.

“If we start to modify the governance provisions of the 1998 Concorde Agreement, a lengthy discussion will begin,” Mosley wrote. “There is no time left for this because we must answer the remaining applicants for 2010 no later than Friday.

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Robsy - Unregistered

June 17, 2009 3:13 PM

Well, if FOTA have gone in for appeasement, then there will be no stopping Max. He already seems ready to completely ignore the undertaking to not seek re-election this year: with this under his belt as well he has been handed absolute power. Thats very bad news for ALL motorsport and ALL representation of drivers and the car industry. Just what we need at this time. F1 was always more than 'the pinnacle of motorsport'. It was emblematic of the world of the driver and car owner. A world which will be owned, without question, by Max Mosely. I'm depressed.

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