Formula 1 News

FOTA offers compromise over F1 dispute 

The Formula One Teams’ Association, FOTA, sent last night a letter to FIA president Max Mosley and FOM chief Bernie Ecclestone, asking to extend the 2010 entry deadline to July 1 in order to find a compromise over next season’s regulations.

“As we read the increasingly negative publicity that has been generated for Formula One by the press releases that have been issued, we have come to the decision that 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,” said the FOTA letter.

“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. We would therefore strongly but respectfully submit that you consider these proposals and seek to avoid the potential departure from Formula One of some important teams.”

“Now is the time to find a reasonable and rapid solution to the outstanding issues.”