FIA president Max Mosley says an agreement is near with Formula One teams over the disputed budget cap.
Mosley had wanted teams to agree to a $60 million cap from 2010, but that is expected to be pushed back a year after a weekend of negotiations with the Formula One Teams Association at the Monaco Grand Prix.
“I think we are going to get somewhere,†Mosley said Sunday.
Five teams, including Ferrari, have threatened to quit motor racing’s premier sport over the cap, which Mosley is pushing to cut costs.
Mosley still thinks F1 could…Â Details
Stands are empty, hotel rooms available and tickets unsold.
Formula One’s most glamorous race, the Monaco GP, is feeling the pinch of the global financial crisis.
Formula One’s slim-downed, cost-conscious version arrives in Monaco, one of the world’s wealthiest states, for the 67th time. But the atmosphere is clearly different this year.
Although there will be movie stars and models frolicking aboard two-story yachts as always, the downturn has touched the tax haven many F1 drivers call home.
There were empty seats during Thursday’s first practice day and thousands of the 45,000 tickets were still available on Friday for Sunday’s 78-lap race… Details
The scariest moments in auto racing are often at the start of the Indianapolis 500, when the green flag sends all 33 starters accelerating toward the narrow first turn.
Crashes have occurred on the first lap on six occasions in the past 23 years. That includes 2001, when pole-starter Scott Sharp hit the wall just seconds after the start. In 2006, teammates P.J. Chesson and Jeff Bucknum collided on the second lap and went into the wall.
“Some segments of the race are about position, but the first turn of the first lap isn’t one of them,†Indy Racing League president Brian Barnhart said Saturday at the drivers meeting along the straightaway at the Indianapolis Motor Speedway. “Let’s get off to a safe start.â€
It’s a warning he gives the drivers every year… Details
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Formula One’s teams met Saturday to discuss negotiations with motor sport’s governing body over a proposed budget cap for 2010.
The Formula One Teams Association met after qualifying for the Monaco Grand Prix, one day after discussions with FIA president Max Mosley.
The teams said they were united but still had to decide whether to ask to extend the May 29 deadline for teams to enter the 2010 championship.
“That’s what we will discuss in the next meeting, what to do then in that situation,†BMW Sauber motor sports director Mario Theissen said after the meeting at Toyota’s motor home… Details