Neil Tennant
@Simberia
Ferrari 'to quit' over budget row
Ferrari have announced they will quit Formula 1 at the end of the season if the sport continues with plans to adopt a £40m budget cap from 2010.
"No F1 in 2010 if the rules do not change," read a statement. "Ferrari does not intend to register cars for the 2010 F1 world championship."
Ferrari fear the evolution of a two-tier championship, between those teams who adopt the cap and those who do not.
The teams will discuss the plans with FIA chief Max Mosley in the next week.
Mosley, who heads the sport's governing body, has previously insisted F1 could continue without Ferrari, saying: "The sport could survive without Ferrari. It would be very sad. It is the Italian national team."
F1 supremo Bernie Ecclestone, meanwhile, dismissed claims Ferrari could quit F1 on Tuesday morning, telling the Times: "Ferrari are not stupid. They don't want to leave Formula 1 and we don't want to lose them, so we'll get to grips with it."
http://news.bbc.co.uk/sport1/hi/motorsport/formula_one/8044860.stm
Ferrari have announced they will quit Formula 1 at the end of the season if the sport continues with plans to adopt a £40m budget cap from 2010.
"No F1 in 2010 if the rules do not change," read a statement. "Ferrari does not intend to register cars for the 2010 F1 world championship."
Ferrari fear the evolution of a two-tier championship, between those teams who adopt the cap and those who do not.
The teams will discuss the plans with FIA chief Max Mosley in the next week.
Mosley, who heads the sport's governing body, has previously insisted F1 could continue without Ferrari, saying: "The sport could survive without Ferrari. It would be very sad. It is the Italian national team."
F1 supremo Bernie Ecclestone, meanwhile, dismissed claims Ferrari could quit F1 on Tuesday morning, telling the Times: "Ferrari are not stupid. They don't want to leave Formula 1 and we don't want to lose them, so we'll get to grips with it."
http://news.bbc.co.uk/sport1/hi/motorsport/formula_one/8044860.stm