It is time that Max Mosley takes a step back from his status as the president of FIA board. Until now, the FIA has not been able to achieve any negotiation with the FOTA board. Briefly, it was announced that both the boards had come to a compromise and had opted to scrap the budget cap for the coming Formula One year. However, it turned out that none of the boards had agreed to such a statement and still none of them are ready to compromise on their situation. In fact, the situation has worsened over the last couple of weeks, where Max Mosley and Montezemolo (chairman of Ferrari and FOTA) have been found mocking each other in the news media. The FIA is determined to maintain its budget cap rule and the FOTA is unwilling to participate in Formula One with the same ruling. Nevertheless, both the bodies cannot survive without each other in this recession crunch. A negotiation is the only way both boards can survive in the motorsport business.
Sunday, July 5, 2009
FIA Vs. FOTA
It is time that Max Mosley takes a step back from his status as the president of FIA board. Until now, the FIA has not been able to achieve any negotiation with the FOTA board. Briefly, it was announced that both the boards had come to a compromise and had opted to scrap the budget cap for the coming Formula One year. However, it turned out that none of the boards had agreed to such a statement and still none of them are ready to compromise on their situation. In fact, the situation has worsened over the last couple of weeks, where Max Mosley and Montezemolo (chairman of Ferrari and FOTA) have been found mocking each other in the news media. The FIA is determined to maintain its budget cap rule and the FOTA is unwilling to participate in Formula One with the same ruling. Nevertheless, both the bodies cannot survive without each other in this recession crunch. A negotiation is the only way both boards can survive in the motorsport business.
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