Hot News
for your iPhone
for your iPad
Go to our forums to discuss this news
DATE News (chronologically)
Formula One can live without Ferrari says Mosley
Max Mosley prepared to take Ferrari on
Even though F1 would lose 60% of its fans it could live without Ferrari if they were to walk away in protest at the introduction of a budget cap, according to International Automobile Federation (FIA) president Max Mosley.

In an interview published in Saturday's Financial Times, Mosley said that he was locked in a power struggle that he intended to win.

He made clear that he would not be backing down over allowing teams to compete with a voluntary 40 million pound ($59.56 million) cap in 2010 in exchange for greater technical freedom than others remaining with unrestricted budgets.

The move, described by Mosley as "by far the biggest development in my time in the sport", has been welcomed by potential new entries as well as independent teams pitted against big-spending manufacturers.

However, Ferrari president Luca di Montezemolo wrote to Mosley this week warning against creating a two-tier Formula One that could be "fundamentally unfair and perhaps even biased."

Montezemolo has also warned that Ferrari's continued presence should not be taken for granted.

"I personally have a lot of passion and Ferrari has a lot of passion, but this is not a never-ending story," the official Formula One website (www.formula1.com) quoted him as saying.

The glamour team have been in Formula One since the first championship race in 1950 and, with the Monaco Grand Prix, have long been seen as the jewels in the crown. They have been champions eight times in the last 10 years. The sport could survive without Ferrari," said Mosley, adding: "It would be very, very sad to lose Ferrari. It is the Italian national team."

Mosley said there were "elements among existing teams" who felt that the teams should be running Formula One rather than the FIA or Bernie Ecclestone, who represents the commercial rights holders CVC.

"The last thing they want is new teams that dilute what they've got," added the Briton, who has expanded the starting grid to allow for three new cost-capped teams next year. "There is that going on in the background.

"There is an element of who is running F1. I'd like to make sure it's me." Reuters

Hot News Archives
2000 2001 2002 2003

Search Hot News
Search Help
AutoRacing1 Inc. BBB Business Review