The FIA and the Formula One Teams’ Association held last-minute talks on Thursday in a bid to strike a peace deal over the future of the sport ahead the publication of the 2010 entry list tomorrow.
Following a meeting of the eight remaining FOTA teams on Wednesday, Reuters reports that the teams’ body met with FIA president Max Mosley in London to try to end the long-running dispute which has threatened to split the sport in two.
The FIA is due to reveal on Friday which teams will comprise an expanded 26-car grid next year, yet FOTA has only submitted a conditional block entry for all its eight members.
The FOTA teams are adamant that they are only willing to compete next season if the contentious £40m budget cap, and two-tier championship the rules as published would create, is scrapped and the 2009 regulations continue to stand instead.
They have also insisted that a new Concorde Agreement be signed by Friday, while promising in return that should their conditions be met they will commit to the sport until 2012.
Williams and Force India have already lodged unconditional entries – both independent outfits citing existing contractual obligations as the reason why they broke ranks with FOTA – while at least 10 embryonic teams have made bids to claim the minimum of three new places available.
With both FOTA and FIA president Max Mosley having adopted hard-line stances over their respective visions for how cost-cutting should be achieved, it has raised the spectre that the 2010 entry list won’t include any of the major manufacturer teams and could potentially trigger a breakaway series.
However, while Mosley has previously indicated he is not willing to budge from his £40m budget cap figure, it appears that the FIA president is now prepared to soften his stance in a bid to avert a manufacturer exodus.
Following the series of crisis talks involving FOTA and the governing body over the Monaco Grand Prix weekend last month, it has emerged that Mosley wrote to FOTA chairman Luca di Montezemolo offering a series of compromises to the dissenting squads.
Reuters reports that the FIA president said he would consider raising the budget cap limit as high as €100m for 2010, before dropping to his originally intended figure of €45m a year later.
Mosley also said he would scrap the particularly unpopular two-tier nature of the budget cap, which had offered teams that run under it extra technical freedoms.
"We can agree that all teams race under the same 2010 rules," the news agency quotes Mosley’s letter as saying.
“These would be as published, but with the technical and sporting advantages originally offered to cost-cap teams deleted.”
In addition, the existing teams would have to help new squads get up to speed with F1 through a transfer of know-how and expertise in 2010 and potentially 2011, while one employee’s wages, such as those of a 'star' designer, could remain outside the capped costs along with drivers' salaries.