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
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