A French court on Wednesday dismissed Ferrari’s bid to stop Formula One from instituting a budget cap next season.
Ferrari sought a court injunction against governing body FIA’s plans to introduce a voluntary US$60 million cap for racing teams from 2010, but the appeal was rejected by Judge Jacques Gondrand de Robert.
“There is no imminent damage that needs to be prevented or clearly unlawful unrest that needs to be stopped,†the judge said.
Ferrari, Renault, Toyota, Red Bull and Toro Rosso have threatened to pull out of next year’s championship if the cap isn’t overturned… Details
This entry was posted
on Wednesday, May 20th, 2009 at 8:29 am and is filed under Automobile, Formula & Indy Cars.
You can follow any responses to this entry through the RSS 2.0 feed.
Both comments and pings are currently closed.