Ferrari won't enter F1 season unless budget cap revoked
The Associated Press
MARANELLO, Italy -- Ferrari said Tuesday it won't enter next season's Formula One championship unless the sport's governing body revokes its new budget cap.
The Italian team, which has been involved in all 60 seasons of F1 racing, said the new FIA guidelines were arbitrary and would set a double standard. It said equal rules for everyone are necessary for the sport to continue.
"The same rules for all teams, stability of regulations, the continuity of ... endeavours to methodically and progressively reduce costs, and governance of Formula One are priorities for the future," Ferrari said in a statement after a board meeting.
"If these indispensable principles are not respected, and if the regulations decided for 2010 will not change, Ferrari does not intend to enter its cars in the next Formula One world championship."
Ferrari said it hoped fans would understand this "painful choice."
FIA president Max Mosley is leading the FIA's push to curb costs, with a voluntary
The Associated Press
MARANELLO, Italy -- Ferrari said Tuesday it won't enter next season's Formula One championship unless the sport's governing body revokes its new budget cap.
The Italian team, which has been involved in all 60 seasons of F1 racing, said the new FIA guidelines were arbitrary and would set a double standard. It said equal rules for everyone are necessary for the sport to continue.
"The same rules for all teams, stability of regulations, the continuity of ... endeavours to methodically and progressively reduce costs, and governance of Formula One are priorities for the future," Ferrari said in a statement after a board meeting.
"If these indispensable principles are not respected, and if the regulations decided for 2010 will not change, Ferrari does not intend to enter its cars in the next Formula One world championship."
Ferrari said it hoped fans would understand this "painful choice."
FIA president Max Mosley is leading the FIA's push to curb costs, with a voluntary
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