Three hours waiting in the Ferrari motorhome this evening, for a press conference which was all set up for a 5pm start, but then that slipped as the meeting between the teams, the FIA and FOM rolled on.

Patrick Head: The only two teams who dont want a budget cap are Toyota and Ferrari. But in the end they will find themselves isolated in a corner. Now that Ferrari has lost the law suit in Paris they will not be so rigid.

The teams and the FIA stood on the brink and stared into the abyss and Bernie Ecclestone worked hard to make sure that neither pushed the other over the edge. I think the teams, after the first meeting on the boat, presented a united front, but in order to do that Ferrari F1 online may well have had to concede some things. This means that there is some hope. There have clearly been some concessions on both sides.

I cannot imagine that it will move far from the £40 million. I have the impression that McLaren could be okay with the budget cap and also BMW will line up behind it.

In the end we were told that the meeting was constructive but inconclusive so there will be to a greater extent meetings in the next couple of days.

This entry was posted on Friday, June 5th, 2009 at 1:32 pm and is filed under House Of Racing Myths, Road Rage, Sports Info. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.