FIA president Max Mosley said on Sunday that a deal is close to prevent eight Formula One teams from forming a rival series and that legal action would be halted to encourage a resolution.
Motor sport’s governing body had said that legal proceedings would begin without delay after the Formula One Teams Association decided to split on Friday when talks broke down to resolve a dispute over a voluntary budget cap for next year.
But Mosley told The Associated Press at the British Grand Prix in Silverstone that progress has been made.
“There won’t be any writ. I think we would rather talk than litigate,” Mosley said…Â Details
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