- 17 Jun 09, 19:33#127280From F1 Live:
F1's ‘rebel’ FOTA members have moved to end the standoff with the FIA by devising a final offer of compromise, it emerged on Wednesday.
With Friday looming as yet another crunch deadline, the association - comprised of every current team except Williams and Force India - wrote to Max Mosley with a proposal to resolve the dispute over the budget cap rules.
"The time has come when, in the interests of the sport, we must all seek to compromise and bring an urgent conclusion to the protracted debate regarding the 2010 world championship," the letter read, according to Reuters.
"We hope that you will consider that this letter represents significant movement by the teams, all of whom have clearly stated a willingness to commit to the sport until the end of 2012," it added.
In the letter, FOTA proposes that the budget cap - now called ‘resource restriction’ - be policed by a group of independent accountants of their choosing, with annual results submitted to the FIA.
"We can see no reason why such a system based on objective verification of compliance would not be acceptable to all parties," the letter read.
FIA President Max Mosley had agreed to soften the 2010 cap to 100m Euros, before it reduces to €45m/£40m in 2011.
FOTA is also seeking that Friday's deadline for finalising the 2010 entry list be extended for nearly another two weeks, to July 1st, so that a new Concorde Agreement can be negotiated and signed.
E.A. © CAPSIS International
Source: GMM
From F1 Live:
F1's crisis is creeping awkwardly towards a compromise after the FOTA rebels wrote to FIA President Max Mosley on Tuesday.
As already reported, the eight teams said they would agree to a budget cap - now called "resource restriction" - if it could be policed by a group of independent accountants.
"We have already offered to accept the report of a reputable auditor backed up by the signature of a main company board member," Mosley replied by letter on Wednesday.
He added, however, that a "fundamental problem" with FOTA's proposal is the "absence of a clear figure." Mosley has previously indicated that he would agree to a 100m euro cap in 2010, reducing to 45m in 2011.
FOTA asked that Friday's deadline for making their 2010 entries unconditional be extended until July 1st, but Mosley declined, arguing that the "remaining applicants" for places on the 2010 grid need to be informed "no later than Friday."
He also turned down FOTA's request for governance provisions changes in a renewed version of the 1998 Concorde Agreement, insisting that there is "not time left" for the necessary lengthy negotiations.
Mosley advised the teams to simply agree to extend the 1998 Concorde and then "we can negotiate a new 2009 Concorde Agreement under the protection of the 1998 arrangements."
FOTA said the teams want a judge's seat at the International Court of Appeal, but Mosley said this would require a change in the FIA Statutes.
"There are elements in your proposals which we may be able to agree to, but we need time to look at them," he wrote.
The FOTA members also said Cosworth should not be allowed to run its 2006-spec engines with a higher rev limit next year, but Mosley responded that the British firm has "neither the time nor the resources to retune for 2010" and claimed that in any case, the three new Cosworth-powered teams will not have "any competitive advantage whatsoever."
In short, Mosley remains firm that the teams need to make their 2010 entries unconditional by Friday.
"We propose that you accept the 2010 rules, as published (...) If necessary, these can be revised within the above governance procedures in due course," he wrote.
The FIA President also indicated that each team will shortly receive a letter. If signed and returned to the sport's governing body, Mosley's proposals will be made "legally binding and the relevant team's entry unconditional."
D.B. © CAPSIS International
Source: GMM

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