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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Robin Plunder who wrote (50030)	5/14/2009 8:49:55 AM
From: carranza2	Respond to of 217891

There is a bit of good natured hyperbole prevalent here which I throughly enjoy along with the very wise comments. vbg

To: Robin Plunder who wrote (50030)	5/15/2009 6:22:23 AM
From: elmatador	Respond to of 217891

Collateral effects: F1 set for crisis talks. FIA want an optional £40 million cost cap. ELMAT: Free flow of moollah not there glamorous activities will suffer F1 set for crisis talks. Eurosport - Fri, 15 May 09:36:00 2009 Formula One teams are set to hold crisis talks with world motorsport head Max Mosley on Friday to try and stave off the threat of world champions Ferrari and others walking away. The FIA president (pictured) and 10 teams will face off with each side adamant they are not bluffing and seemingly determined to out-stare the other. The FIA want an optional £40 million cost cap, offering greater technical freedom than available to those teams staying on unrestricted budgets, that they say is needed for the sport's survival in the face of the global financial crisis. Ferrari have said that will lead to a two-tier championship, which they cannot accept. They, and former champions Renault, have said they will leave at the end of the season unless the regulations are rewritten. Toyota and the two teams owned by Red Bull have also said they cannot submit their entries by the May 29 deadline for the same reasons. F1 needs Ferrari but the Italian glamour team also need the sport, something that commercial supremo Bernie Ecclestone has been at pains to point out, and some sort of compromise may be inevitable. "I must be clear that we, Ferrari and the others have no intention of breaking with FIA," Renault team boss Flavio Briatore said. "We want to be there, to participate, to preserve the future." With all eyes on the sport for the showcase Monaco Grand Prix next week, a key race for business and sponsorship deals, the teams will want to remove the doubts about the championship's future as soon as possible. Reuters