At J-1, Mosley meets with the teams again

The Formula 1 teams are meeting today with Max Mosley, president of the FIA, in London to reach a last-minute agreement on the entries of the teams in the 2010 championship.

The announcement of the teams for the upcoming season is to be made by the FIA tomorrow morning. Efforts are being made for a resolution to the crisis as the manufacturers are threatening to withdraw from the sport.

The latest rumors indicate a positive step forward between the two parties, FIA and FOTA.

However, Mosley would be willing to ease up a little for the next year, even though he remains firm on the necessity of a budget cap in 2010.

« A capping of budgets in 2010: It could very well reach 100 million Euros, but we need a limit and we must have certainty about it. For 2011, it will have to decrease, for example to 45 million Euros, but again, it needs to be certain. »

However, Mosley stated that a compromise could be reached with a team staff member who would be outside the budget cap. Names circulating include Adrian Newey (Red Bull) or Ross Brawn (Brawn GP).

Moreover, the FIA stated that it was ready to sign a Concorde Agreement like the one proposed after the Monaco Grand Prix.