Newspaper article The Journal (Newcastle, England)

Meetings Fail to Break F1 Deadlock; Ferrari 'Has Backing' of Teams

Newspaper article The Journal (Newcastle, England)

Meetings Fail to Break F1 Deadlock; Ferrari 'Has Backing' of Teams

Article excerpt

FIA president Max Mosley and the Formula One Teams' Association will stage a further round of talks in Monaco today in a bid to bring an end to the current war tearing the sport apart.

At the end of a marathon seven hours of discussions, initially among the team principals and then with Mosley, the deadlock had still to be broken.

Mosley at least offered a positive outlook by conceding he is "always hopeful and confident there will be an agreement", and the likelihood is it will be at some stage this weekend.

"It was a constructive meeting, we spent three hours, and there are ongoing discussions," said Mosley as he emerged from the Automobile Club de Monaco that sits on the start/finish straight.

The suggestion is a "glide-path" budget cap could be introduced to arrive at the pounds 40m figure by 2012, rather than with immediate effect for next season.

That would appease all the teams as Ferrari president and FOTA chairman Luca di Montzemolo conceded earlier in the day that "common ground" had been reached between the 10 marques.

That statement followed a two-and-ahalf hour FOTA meeting aboard Renault team principal Flavio Briatore's multimillion pound yacht, Force Blue, moored in the Monte-Carlo harbour.

Di Montezemolo suggested in the wake of that discussion, the second of the day for FOTA after an earlier breakfast gettogether, they were heading into their showdown with Mosley with a final proposal.

Seeming to represent the last hope of a compromise between FOTA and motor sport's world governing body, the very future of F1 was on the line.

Mobbed by television crews and photographers after stepping off the boat, Di Montezemolo said: "As always it was a very constructive, very useful meeting between the teams, with a very good atmosphere.

"FOTA is now an organisation with a common view. …

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