FIA-FOTA, is it still stuck?

While we seemed to be heading towards an agreement after long weeks of discussions, the FIA ​​and FOTA (the association of racing teams Formula 1) have still not managed to agree on the financial aspect of the 2010 regulations. At the end of a meeting held on Monday between financial experts from both sides, the FIA ​​was keen to express itself on the subject immediately.

During this meeting, FOTA's financial experts presented their proposal but were not mandated to negotiate with the FIA ​​with a view to finding common ground. The FIA ​​has indicated that it does not accept FOTA's proposals because they do not sufficiently limit a team's expenses.

« In the absence of a constructive dialogue, the proposals of the financial experts of FOTA were mentioned but it is clear that these do not make it possible to limit the expenses of a team which has the resources to spend more. Financial regulation therefore remains unchanged ", Reads the statement.

Discussions should therefore continue soon with a view to obtaining an agreement which is slow to be signed.