Cabinet reaffirms Saudi position of resolving conflicts through diplomatic means    Saudi FM receives message from Iranian counterpart    AlUla becomes favorite global summer destination for photography enthusiasts    Foreign Trade Authority leads Saudi negotiating team in second round of GCC-Japan FTA Talks    Crown Prince extends period of study to regulate landlord-tenant relationship to 90 days    130 charities say controversial Gaza aid group must be shut down    Inzaghi hails 'historic' Al Hilal win over Man City: We climbed a mountain with no oxygen    Milinković-Savić says Al Hilal proved critics wrong after historic win over Man City    Al Hilal stuns Man City and stirs the world: 'One of the greatest nights in Saudi club football'    Michelin Guide launches in Saudi Arabia with phased rollout in 2025    Spanish PM's former aide detained without bail in corruption probe    US skips global UN meeting in Spain aimed at raising trillions to combat poverty    Al Hilal stun Manchester City in seven-goal thriller to reach Club World Cup quarterfinals    EU and Ukraine strike less ambitious but 'realistic' trade deal    'How fragile we are': Roskilde Festival tragedy remembered 25 years on    New Social Insurance Law comes into force on Tuesday    Over 190,000 Umrah visas issued since start of the season    PIF assets soar to $1.15 trillion in 2024    Historic Jeddah's visual identity re-imagined through global art installations at Al-Arbaeen Lagoon    Brad Pitt's Los Angeles home 'ransacked', police say    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Breakaway series an option, say F1 teams
By Alan Baldwin
Published in The Saudi Gazette on 10 - 07 - 2009

Formula One teams said on Thursday progress had been made towards ending the sport's internal turmoil but warned the governing body a breakaway championship remained an option.
“We still don't have an agreement although I would say we are making progress, slowly but steadily. But we cannot sit back and wait,” BMW-Sauber's Mario Theissen told reporters at the German Grand Prix.
“We have to keep all options open, and that means we have to look at the other course as well.”
Toyota motorsport president John Howett, FOTA's vice chairman, said the breakaway threat remained alive. “I don't think we've ever taken it away. We've just put it on the backburner,” he added.
The teams were responding to a statement by the International Automobile Federation (FIA) that a new commercial agreement to end the threat of a rival series could be ready within days.
“At present, it seems probable that a final draft of the 2009 Concorde Agreement will be agreed and ready for signature in the coming days,” the FIA had said.
Theissen felt that was optimistic. The statement was issued after technical directors of the eight Formula One Teams Association (FOTA) members walked out of a meeting with the FIA at the German Grand Prix circuit on Wednesday after being told they could only be observers to proceedings.
The FIA had maintained that the five non-FOTA teams, including three newcomers due to enter next year, were the only ones fully confirmed for 2010 at present because the others had still to sign a new commercial agreement.
The walkout triggered fears that a deal agreed between FOTA and the FIA in Paris last month, already looking fragile after FIA president Max Mosley accused teams of dancing prematurely on his grave, could fall apart.
Mosley's agreed departure in October, when his term of office expires, has been seen as a key element of the deal but the Briton has hinted he could stand again.
A new Concorde Agreement would bind all the teams to Formula One to at least the end of 2012. “The teams are very close to finding an agreement with the commercial rights holder regarding a new Concorde Agreement,” said Red Bull's Christian Horner. “Obviously, there is a bit of turbulence at the moment with the FIA and I'm hoping common sense will prevail and ultimately we can find a solution very shortly.”
Despite the walkout from the technical working group on Wednesday, the FIA said the five entered teams had confirmed the changes agreed with FOTA at the Paris meeting on June 24.
The FIA said it had received a new 350-page Concorde Agreement document on June 25. After extensive legal work on this, another version was then presented and further drafts circulated.
The FIA revealed that the Williams team had been architects of a proposal, accepted by FOTA, to shelve a planned budget cap in favor of an agreement to reduce costs to the level of the early 1990s by the end of 2011.


Clic here to read the story from its source.