- 28 May 09, 17:40#122063From Planet F1:
Max: I am willing to compromise but only if...
Thursday 28th May 2009
Max Mosley insists he is willing to compromise on his planned budget cap but only if it allows small, new teams to compete with the big name outfits.
FOTA met on Wednesday to once again discuss their stand against the 2010 regulations in the build-up to Friday's deadline for entries into next year's Championship. And, according to reports in the British press, it appears as if a compromise could be on the cards with a €100m budget cap and one set of rules for all teams.
Added to that there's more good news as Mosley, who previously stated that he would not back down on his cap, has revealed that he is willing to compromise.
"I am willing to compromise, but only if small and new teams can operate with much lower budgets and are not much slower than the others," Mosley the Gazzetta dello Sport newspaper.
"I am very optimistic about a solution. The big and small teams have very different interests and we have to protect everyone."
In another change of heart the FIA President, who a few weeks ago said that F1 doesn't need Ferrari, has now admitted that he hopes they sign up by Friday's deadline because the sport does need the Scuderia.
"Will Ferrari enter by Friday? I think so. I am optimistic and confident. Ferrari is very important for Formula One, but Formula One is very important for Ferrari as well."
Compromise of 100m Euros on the cards
Thursday 28th May 2009
A compromise of a €100m budget cap for next year's Championship and a decrease the following season is on the cards as time runs out for FOTA and the FIA to agree to next year's regulations.
With the closing date for next year's Championship of Friday May 29th looming fast, FOTA once again met in London on Wednesday to discuss a possible way forward.
The Formula One Teams' Association is strongly opposed to Max Mosley's planned budget cap and its two-tier regulations. However, the FIA President has made it clear that he is determined to press ahead with his proposals.
As such, it has been left to FOTA to find a compromise with reports this morning suggesting that they are closer to doing just that.
"In truth FOTA has now probably served its purpose as, before today, the teams and the FIA were edging closer to a compromise deal which would meet with the FIA's approval as a credible way of reducing costs and enhancing the sport's sustainability," 'a senior insider' told The Guardian.
"The suggestion is that the teams agree to a budget cap of €100m for 2010, reducing to €45m in 2011, with one set of technical rules for all competitors."
No official word, though, has come from either party as the clock runs down towards Friday's deadline.
From autosport.com:
FOTA agrees on plan to help new teams
By Edd Straw Thursday, May 28th 2009, 14:13 GMT
The Formula One Teams' Association (FOTA) has agreed to propose a system of technical partnerships for new teams to assist them in joining the grid in 2010, following a meeting between the team principals in London yesterday, AUTOSPORT has learned.
As the teams close in on an agreement with the FIA over the future regulations of F1 ahead of tomorrow's 2010 entry deadline, FOTA hopes this compromise would allow prospective new teams assistance from the established operations to compete credibly in their first seasons without having to fund a significant increase beyond the set budget cap.
FOTA is pushing for a "glidepath" approach to adopting the budget cap regulations, with a two-step reduction in expenditure in 2010 and 2011.
This would see expenditure limited to €100 million in 2010, dropping to €45 for the following season.
The technical partnerships would give the new teams assistance in terms of parts, particularly non-performance differentiators, as well as some design know-how.
The FOTA proposal is believed to stop short of allowing full-blown customer cars, something that is strongly opposed by several teams, and would be structured to ensure that the newcomers compete under the budget cap in their own right in 2011.
FOTA also discussed further ways to develop the budget cap concept, with the possibility of some commonality of non-performance differentiators still on the table in a bid to repackage the imposed limit as a programme of cost containment.
Although final agreement has not been reached, it is believed that both the FIA and FOTA are confident that a resolution can be found ahead of the entry deadline.

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