đź“° Auto News BREAKING: F1 reunites as Max Mosely reportedly forced to quit F1

Mook

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After all of this year's soap opera stories in Formula One, it appears there will be a unified championship series next year after all. According to The Times UK, controversial F1 boss Max Mosley has been "forced into a humiliating climbdown as president of the FIA," and his reign is over effective today.

Apparently, with the Formula One Teams Association's (FOTA) plan to build its own breakaway series and take most of its highest-profile (and highest-dollar) draws away with it, the FIA realized that something had to be done. Eight teams, including Ferrari, McLaren, BMW Sauber, and Brawn GP had pulled out of the series over concerns relating to a new ÂŁ40m budget cap (around $66m USD).

With Mosley's departure effective immediately, F1 teams and the sanctioning body have agreed to cost cuts with the goal of getting spending outlays back down to the that of the early Nineties within two years.

Mosley has agreed to end his 16 year term at the FIA and not seek re-election to another office.

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Mook

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Just when you thought it was safe to go back in the Formula One waters, Max Mosley goes and sends a nasty-gram to Formula One Teams Association (FOTA) chairman and Ferrari head honcho Luca di Montezemolo threatening to back out of his promise to step down from his throne as leader of the FIA if he doesn't get a full apology ASAP.

It seems that Mosley is none too pleased by the way that FOTA have portrayed the events leading to the agreement between the teams and the FIA to run the 2010 Formula 1 season as previously scheduled. Says Mosley:

If you wish the agreement we made to have any chance of survival, you and FOTA must immediately rectify your actions. You must correct the false statements which have been made and make no further such statements. You yourself must issue a suitable correction and apology at your press conference this afternoon... [G]iven your and FOTA's deliberate attempt to mislead the media, I now consider my options open. At least until October, I am president of the FIA with the full authority of that office.

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