Formula One news

Teams hoping to keep '09 rules

Formula One teams are looking to receive confirmation of a backsliding to this year's technical regulations for the 2010 season this week. The ten teams, having met with the FIA in Monaco, are hoping for a single tier championship but without compromising the promised financial assistance to new teams.

The FIA's £40m budget cap proposal for 2010 currently would involve those teams who elect to take the cap running on a more open set of technical regulations whilst aiding new outfits financially, although the Formula One Teams' Association (FOTA) expressed its desires - after no less than three meetings with FIA president Max Mosley and F1 commercial rights holder Bernie Ecclestone in Monte-Carlo - to ensure that all teams will be running on one set of technical regulations, avoiding a championship of two classes in the process.

FOTA leave the first of Friday's Monaco meetings, hosted on the yacht of Renault's Flavio Briatore

"What we have asked for is to go back to the rules of this year, the 2009 rules, and then see together what we can do in order to make changes for next year," said Ferrari team principal Stefano Domenicali after the get-togethers. "Bear in mind that, for sure, the costs are something that all of the teams are fully committed to working on but are something that is related to the business of the teams."

So far Toyota, Red Bull, Renault and Ferrari have all threatened exits from the sport at the end of this season in the event of rules not being modified. "There is an ongoing process to discuss," Domenicali continued. "I am sure it will be a very important week because the entry to the (2010) championship has to be finalised by Friday - I think they will be long days."

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