Ecclestone confessed that he was 'very happy common sense has prevailed', whilst di Montezemolo praised Mosley for his efforts in securing the key element of 'stability' at last.

“Polemics are not good for Formula 1 and particularly for the public,” the Italian is quoted as having said by Reuters, “because Formula 1 is a fantastic sport and has to be re-launched, not just protected. I hope that sooner or later I can do the same as Mr. Mosley and have a bit more relaxation. I hope I can join the club very soon.

“I think he has [brought about] a very good fix of the problem. When you have reached an agreement everyone has to help in the same way. I think the decisions we have shared this morning are important. We will have the rules of 2009, the same rules for everybody. It means that we have stability.”