Word: fia
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...decision to impose a team-spending cap, Ferrari, the oldest team on the grid, threatened to lead the biggest marques in a rival series. The teams pulled back at the last minute, but demanded that Max Mosley, the president of the governing Federation Internationale de l'Automobile (FIA), stand down after 17 years. Mosley...
...have been turbocharged doozies. First, in 2007, McLaren was fined $100 million after an engineer was caught with documents supplied by a rogue Ferrari employee. Then, last September, one of F1's most flamboyant team managers, Renault's Flavio Briatore, was barred from the sport for life after the FIA determined that he had ordered one of his drivers to crash in a 2008 race to help out Renault's other driver - Alonso, in this case. Briatore is still fighting the ban. (In January, a French court overturned it; the FIA is appealing that decision.) "At times it felt like...
...costs like wind tunnels and in-season testing. The big teams can still outspend their smaller rivals on, say, computer simulations, but just about everything in F1 is downsizing. It's now possible to field a respectable team, if not a winning one, for $100 million a season. New FIA president, former Ferrari manager Jean Todt, has pledged to bring costs down further...
...FOTA teams endeavored to the very end to reach an agreement, but regrettably the FIA refused to back down from its rigid position, insisting that the teams must first sign up before there could be further negotiations on the rules," BMW Motorsport director Mario Theissen said in a statement. "This was unacceptable...
...legal action to prevent the teams from forming their own series. "The actions of FOTA as a whole, and Ferrari in particular, amount to serious violations of law, including willful interference with contractual relations, direct breaches of Ferrari's legal obligations and a grave violation of competition law," an FIA statement read. As the two sides dig in, the biggest loser is the sport. If Formula One does end up splitting, says Aylett, "people might go watch rugby...