Ball back in Max Mosley’s court
The Formula One team alliance has submitted entries for the 2010 season ahead of the FIA deadline, but with certain caveats.
FIA President Max Mosley had previously said that he would be surprised if the teams could come up with proposals
that would achieve the cost cuts he feels is required. He is pushing for a €45m cap (US $65m) on expenditure effective next season.
The Formula One Teams' Association has however submitted its own proposals to the governing body while demanding that the previously published 2010 regulations – which include the optional budget cap and associated technical advantages – be ripped up in favour of maintaining the 2009 rules.
In addition, the existing teams are also seeking agreement over the Concorde Agreement, - effectively a contract between the teams, governing body and commercial rights holder. The existing agreement has already expired with the teams reportedly competing currently under a simple memorandum of understanding.
FOTA did not detail its proposals for reducing costs in their statement this afternoon, but it has been widely rumoured that they are seeking a budget cap equivalent of double proposed by the FIA, to be reduced yearly until the €45m target level is met.
Breaking the traditional November trend, the May 29th deadline date for registering entries was maintained by the FIA despite the ongoing negotiations.
The ‘conditional entries’ filed today could of course be simply rejected by the FIA and should that happen, FOTA can either seek further compromises, agree to the published regulations or in a worst case scenario – simply leave the sport.
Until the FIA comment on the matter, we’re all left guessing...