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No F1 breakaway series, Mosley to step down

No F1 breakaway series, Mosley to step down

Kenneth Hall June 24th, 2009 Kenneth Hall By Kenneth Hall Author June 24th, 2009
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December 31st, 1969 Max Mosley will step down as FIA president later this year, as formula one's political crisis involving eight rebel teams' threat to set up a breakaway championship ended on Wednesday. Hopes that the Paris meeting of the World Motor Sport Council would be the scene for a resolution were proven correct, after 69-year-old Mosley emerged and told reporters "there will be no split". "We have agreed to a reduction of costs," said the FIA president, following a lengthy dispute about his proposed budget cap, governance style, and ultimately his very presence at the head of the sport's ruling authority. "There will be one F1 championship but the objective is to get back to the spending levels of the early 90s within two years," he said on Wednesday. As for his earlier claim that he will not be deciding to step aside in the midst of a crisis, he added: "I will not be up for re-election now we have peace." F1 chief executive Bernie Ecclestone was also in Paris and said he was "very happy that common sense has prevailed".
We may not know if there will be a 2010 F1 season until the lights go out on the first grid

We may not know if there will be a 2010 F1 season until the lights go out on the first grid

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Max Mosley will step down as FIA president later this year, as formula one's political crisis involving eight rebel teams' threat to set up a breakaway championship ended on Wednesday. Hopes that the Paris meeting of the World Motor Sport Council would be the scene for a resolution were proven correct, after 69-year-old Mosley emerged and told reporters "there will be no split".

"We have agreed to a reduction of costs," said the FIA president, following a lengthy dispute about his proposed budget cap, governance style, and ultimately his very presence at the head of the sport's ruling authority. "There will be one F1 championship but the objective is to get back to the spending levels of the early 90s within two years," he said on Wednesday.

As for his earlier claim that he will not be deciding to step aside in the midst of a crisis, he added: "I will not be up for re-election now we have peace."

F1 chief executive Bernie Ecclestone was also in Paris and said he was "very happy that common sense has prevailed".

Tags: Renault, F1, Formula One, FIA

Posted in: Mercedes Benz, BMW, Ferrari, Toyota, News, SLR McLaren


Comments (2 total)

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  1. ma_Layne avatar by Layne #1, Posted: 6/24/2009

    Oh praise the Spaghetti Monster, what a banner day this is! F1 stays together, AND Max Mosley is on the way out. I think I'm gonna go celebrate!!!

  2. ma_Mike avatar by Mike #2, Posted: 6/24/2009

    At least we're spared another CART/IRL fiasco. I am glad they are reducing the budget, though. In the current(and any future) economic crises, it will be easier for factory teams to justify staying in F1 as it won't be so costly as to be deemed "a waste of money" by the manufacturers.

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