{"id":24537,"date":"2009-05-07T08:16:50","date_gmt":"2009-05-07T08:16:50","guid":{"rendered":"https:\/\/www.casinoenligne.uk.com\/en\/f1\/news\/7764-the-fota-calls-for-urgent-talks-on-budget-cap"},"modified":"2009-05-07T08:16:50","modified_gmt":"2009-05-07T08:16:50","slug":"7764-the-fota-calls-for-urgent-talks-on-budget-cap","status":"publish","type":"post","link":"https:\/\/www.casinoenligne.uk.com\/en\/f1\/news\/7764-the-fota-calls-for-urgent-talks-on-budget-cap","title":{"rendered":"The FOTA calls for urgent talks on the budget cap"},"content":{"rendered":"<p>The association of Formula 1 teams has issued an urgent call to the FIA to discuss the regulatory changes planned for next year.<\/p>\n<p>The key members of FOTA held a meeting at Heathrow (Great Britain) on Wednesday to discuss the future direction of Formula 1, as well as the progress made in signing a new Concorde Agreement.<\/p>\n<p>In a brief statement released after the meeting, FOTA stated that it maintained its unity despite some disagreements that marked the start of the season.<\/p>\n<p>However, the organization expressed some concern regarding the FIA&#8217;s budget cap, which could lead to a two-speed F1 next year.<\/p>\n<p>According to this statement: \u00ab The FOTA held a positive and constructive meeting. It was jointly agreed to continue working methodically on cost reduction in 2010 and 2011, thus advancing this work started in 2008. \u00bb<\/p>\n<p>The FOTA is concerned about the decisions made during the last World Motor Sport Council (WMSC) meeting regarding the 2010 regulations. It is therefore urgently requesting consultations with the FIA.<\/p>\n<p>Precisely, the FIA announced last week that a budget cap of 40 million pounds would be implemented next season.<\/p>\n<p>The Board of Directors emphasized that several teams, including potential new entrants in F1, were in favor of this regulation point.<\/p>\n<p>\u00ab The FIA believes that this cost cap is attractive, and it hopes that over time, all teams will adhere to it, \u00bb explains a statement released after the FIA last week.<\/p>\n<p>\u00ab So far, the amounts of money spent by both the teams and the new entrants have reached new highs. \u00bb<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The association of Formula 1 teams has issued an urgent call to the FIA to discuss the regulatory changes planned for next year. The key members of FOTA held a meeting at Heathrow (Great Britain) on Wednesday to discuss the future direction of Formula 1, as well as the progress made in signing a new [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":42803,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,1749],"tags":[390],"class_list":["post-24537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-f1","category-news","tag-fota"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The FOTA calls for urgent talks on the budget cap - Motorsinside English<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casinoenligne.uk.com\/en\/f1\/news\/7764-the-fota-calls-for-urgent-talks-on-budget-cap\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The FOTA calls for urgent talks on the budget cap - Motorsinside English\" \/>\n<meta property=\"og:description\" content=\"The association of Formula 1 teams has issued an urgent call to the FIA to discuss the regulatory changes planned for next year. 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