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Court Rejects Ferrari injunction bid.

vectra · 2009-05-20 12:35:40

Taken from itv-f1.com A French court has thrown out Ferrari’s bid to prevent the FIA introducing the £40 million budget cap next season. The Maranello outfit, which last week threatened to quit Formula 1 if the 2010 rules are introduced, claimed that the governing body had broken a contractual arrangement with the team by…

20-05-2009 1:35pm

#1

vectra

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Taken from
itv-f1.com

A French court has thrown out Ferrari’s bid to prevent the FIA introducing the £40 million budget cap next season.

The Maranello outfit, which last week threatened to quit Formula 1 if the 2010 rules are introduced, claimed that the governing body had broken a contractual arrangement with the team by introducing the radical changes without their consent.

However, a Paris court announced on Wednesday afternoon that it had rejected the injunction request after hearing legal representations from both Ferrari and the FIA yesterday.

It is currently unclear what Ferrari's next move will be, although the iconic marque has insisted all along that it will end its 60-year association with the sport if the rules are introduced as published.

Renault, Toyota and Red Bull have also all vowed to walk away from the sport at the end of the season if the regulations remain, with all the dissenting squads unhappy with the two-tier nature of the system and the way in which it was introduced without consutation by the FIA.

Last week all 10 FOTA teams met FIA president Max Mosley and commerical supremo Bernie Ecclestone in London for crisis talks over the 2010 rules, but all parties failed to agree on a compromise solution.

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