Max Mosley

“the FIA, and their embattled president Max Mosley, caved in to pressure from rebel teams’ group FOTA yesterday. [...] Mosley himself announced he would stand down when his term expires in October.”

“Mosley, 69, had previously insisted a voluntary £40m per team budget cap would be introduced from 2010, in a bid to attract new teams.”

“There will be no split, there will be one F1 championship,” said Mosley, who played down the notion he had lost the fight.”