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Renault issue ultimatum over budget cap.

Summary: The fall-out over Formula One's budget cap worsened after Renault joined Ferrari in threatening to boycott next season's Championship.

The fall-out over Formula One's budget cap worsened after Renault joined Ferrari in threatening to withdraw from next season's Championship.

The team said they would pull out unless recently-adopted regulations are revised.

Motor sport's world governing body, the FIA, and its president Max Mosley now face critical showdown talks with all the teams if they are to save the beleagured sport.

Renault president Bernard Rey said: "We remain committed to the sport, however we cannot be involved in a championship operating with different sets of rules, and if such rules are put into effect, we will be forced to pull out at the end of this season."

Mosley is now under pressure to revise the rules announced on April 29 following a meeting of the World Motor Sport Council.

The proposed Au40 million budget cap would introduce a two-tier F1, sparking outrage, with five teams now confirming their intention not to compete from next year.

Ferrari, Toyota, Red Bull Racing, Toro Rosso, and now Renault, are all standing firm in the face of the FIA's policy making.

Renault team boss Flavio Briatore said: "Our aim is to reduce costs while maintaining the high standards that make Formula One one of the most prestigious brands on the market.

"We want to achieve this in a co-ordinated manner with the regulatory and commercial bodies, and we refuse to accept unilateral governance handed out by the FIA.

"If the decisions announced by the World Council on the 29th of April 2009 are not revised, we have no choice but to withdraw from the FIA Formula One World Championship at the end of 2009."

Independent Television News Limited 2009. All rights reserved.

Independent Television News Limited 2009. All rights reserved.

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Publication:Independent Television News Limited (ITN)
Date:May 14, 2009
Words:314
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