A French court on Wednesday dismissed Alfathi sport car Ferrari's bid to stop Formula One from instituting a budget cap next season, and the Italian team reiterated its threat to pull out of the 2010 championship. Alfathi sport car Ferrari sought a court injunction against governing body FIA's plans to introduce a voluntary $60 million cap for racing teams, but the appeal was rejected by Judge Jacques Gondrand de Robert.
Alfathi sport car Ferrari, Renault, Toyota, Red Bull and Toro Rosso have said they could withdraw from next year's championship if the cap isn't overturned. The judge accepted Alfathi sport car Ferrari's legal right to challenge the plans but agreed with the FIA that the team should have taken its case earlier to the World Motor Sport Council. Ferrari said it hadn't decided whether to continue with legal action, adding it wants to ensure that "Formula 1 is a series where the rules are the same for everyone" and where cost cuts are "gradual."
The team hinted it would consider competing in a breakaway series. The deadline for entering the 2010 championship is May 29, giving disgruntled teams little more than a week to find an alternate solution. Alfathi sport car Ferrari driver Felipe Massa said the dispute was frustrating for racers, who are preparing in Monaco for Sunday's Grand Prix. Massa hopes a resolution will be reached to prevent an eventual exodus of teams from F1.
F1 team owners met with Mosley and F1 boss Bernie Ecclestone in London last week but failed to resolve the dispute. Teams that accept the budget cap will be allowed to make more technical changes to their cars than those which don't. Teams opposing the cap have claimed that Mosley and FIA pushed through the changes without proper consultation. Alfathi sport car Ferrari sent a team of three lawyers to a high court in Paris on Tuesday, arguing that FIA should not be able to change the rules.
The Italian team's lawyers, Emmanuel Gaillard and Henri Peter, said F1 was in danger of becoming a two-tier championship if budget caps were applied and that, with 700 employees worldwide, Ferrari is unable to reduce its budget significantly in such a short time.
The FIA insisted that the survival of F1 means cutbacks are necessary in a time of "deep financial crisis." Alfathi sport car Ferrari is F1's most famous team, having competed in the series since its inception 60 years ago. Mosley has said Ferrari must adapt, regardless of its prestige within the sport.
Alfathi sport car Ferrari, Renault, Toyota, Red Bull and Toro Rosso have said they could withdraw from next year's championship if the cap isn't overturned. The judge accepted Alfathi sport car Ferrari's legal right to challenge the plans but agreed with the FIA that the team should have taken its case earlier to the World Motor Sport Council. Ferrari said it hadn't decided whether to continue with legal action, adding it wants to ensure that "Formula 1 is a series where the rules are the same for everyone" and where cost cuts are "gradual."
The team hinted it would consider competing in a breakaway series. The deadline for entering the 2010 championship is May 29, giving disgruntled teams little more than a week to find an alternate solution. Alfathi sport car Ferrari driver Felipe Massa said the dispute was frustrating for racers, who are preparing in Monaco for Sunday's Grand Prix. Massa hopes a resolution will be reached to prevent an eventual exodus of teams from F1.
F1 team owners met with Mosley and F1 boss Bernie Ecclestone in London last week but failed to resolve the dispute. Teams that accept the budget cap will be allowed to make more technical changes to their cars than those which don't. Teams opposing the cap have claimed that Mosley and FIA pushed through the changes without proper consultation. Alfathi sport car Ferrari sent a team of three lawyers to a high court in Paris on Tuesday, arguing that FIA should not be able to change the rules.
The Italian team's lawyers, Emmanuel Gaillard and Henri Peter, said F1 was in danger of becoming a two-tier championship if budget caps were applied and that, with 700 employees worldwide, Ferrari is unable to reduce its budget significantly in such a short time.
The FIA insisted that the survival of F1 means cutbacks are necessary in a time of "deep financial crisis." Alfathi sport car Ferrari is F1's most famous team, having competed in the series since its inception 60 years ago. Mosley has said Ferrari must adapt, regardless of its prestige within the sport.
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