No breakaway series

In a week of unexpected turnarounds it appears that Max Mosley and the Formula One Teams’ Association have now hugged it out: there will be no breakaway series.

But there will be no Mosley.

The FIA president stepped out of today’s World Motor Sport Council meeting in Paris and held an impromptu press conference with the world’s media.

“There will be no split. We have agreed to a reduction of costs,” he said.

“There will be one F1 championship but the objective is to get back to the spending levels of the early 90s within two years.”

Adding to his turnaround, Mosley also stated that he wouldn’t be standing for re-election when his presidency ends in October. Which is something of a surprise, after he said yesterday that he would be.

I’d be interested to know what changed his mind, but officially at least it’s this, as BBC Sport news correspondent James Munro commented from Paris:

“He [Mosley] said over the course of the negotiations he had been able to secure guarantees from the teams who were threatening to break away that they would try to reign back the levels of their spending.”

Guaranteeing that you’ll try something is not really any kind of guarantee at all – Ferrari will probably carry on spending like usual.

But at least we appear to be having F1 back with all the teams we love, and an end to Mosley’s reign – which was surely FOTA’s plan all along.

Everyone’s a winner. Aren’t they?

(The FIA have officially announced next year’s entry list also.

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