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Team bosses still undecided on Michelin v Pirelli UPDATE (GMM)  After no less than three meetings in Monaco, a final decision about F1's tire situation for 2011 still has not been made.

The latest meeting was held on Sunday morning, with team bosses discussing solid proposals made by Michelin, Avon and Pirelli, amid reports Bridgestone might be persuaded to stay.

According to the BBC, FOTA's technical chief Ross Brawn said the Italian marque Pirelli's proposal is a viable one.

"We've had a good proposal from Pirelli which we're looking into seriously," he said.

It is believed another meeting will be held within the next few days, where a final decision is likely.

05/16/10  A FOTA gathering of team principals on Sunday morning failed to resolve the question of whether Pirelli or Michelin wins the F1 tire contract for 2011 and beyond.

The consensus from those emerging from the meeting – which took place in McLaren’s motorhome – was that the contest is still finely balanced, and either party could yet get the deal.

The complication is that the offers from the two manufacturers are not easily comparable, with both sides offering different packages. However the general view is that a tire war should be avoided at all costs.

The manufacturers, who are OEM customers of both brands, also have a different take on things than the smaller teams.

“It’s not clear cut which way it will go,” Mercedes GP CEO Nick Fry told this writer. “The technical and commercial packages are different. We think Pirelli and Michelin can both do the job, and to be honest we are ambivalent about it.”

As reported on this blog a couple of weeks ago, Michelin has dropped its price from €5m per team to €1.5m. The Pirelli deal meanwhile is complicated by the fact that it includes elements such as track advertising from which the teams ultimately gain a cut.

Pirelli has strengthened its hand by being part of the F1 circus this year as supplier to GP3, which means that the company is gathering data on many of the European venues. Adam Cooper F1

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