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07:02 June 24th, 2009

Breaking news: Formula One steps back from the brink

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Posted by: Kevin Fylan
Tags: sports, , , , ,

A deal has been reached with Formula One teams to avoid a breakaway series next year, media reported FIA president Max Mosley as saying on Wednesday.

Mosley and eight teams had been at loggerheads over his plans to introduce a budget cap for 2010.

Mosley also said he would not stand for re-election as FIA president.

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June 24th, 2009
1:41 pm GMT

Left field » Blog Archive » Breaking news: Formula One steps back ……

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