The bitter civil war between the FIA and Formula One Teams' Association (FOTA) has been resolved and F1 has been saved from splitting disastrously in two, Max Mosley has revealed – with the FIA President adding that as part of the trade-off for competitors' guarantees of commitment, he will not seek a fifth term in the most powerful and influential position in international motor racing after October.
Mosley, the sport's commercial rights-holder Bernie Ecclestone, FOTA and Ferrari President Luca di Montezemolo and 120 key FIA members met for further eleventh hour discussions at the World Motor Sport Council (WMSC) in Paris today, in what was billed as a 'last chance saloon' opportunity to find sufficient common ground after all previous talks had broken down.
As a result of that, it seems that following weeks of protracted and highly damaging political wrangling and in-fighting, a cost-cutting compromise has finally been struck between the two warring factions that will see the 2010 regulations remain the same as those in 2009 and heads off the spectre of a manufacturer-spearheaded 'breakaway' series.
The two points of contention had been the £40 million budget cap that Mosley intended introducing into the top flight as of next year, and what was seen as the Englishman's increasingly autocratic and arbitrary manner of governance – even though the teams insisted that his resignation was not part of their mandate.
Following a long period of stalemate without any resolution being reached, FOTA announced on the eve of the British Grand Prix weekend late last week that it was pressing ahead with its menace of launching its own breakaway championship, free from the FIA's controversial and unpopular jurisdiction.
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