Max Mosley quits

To appease the FOTA rebel F1 teams, FIA President has announced he won’t stand for another re-election.

With that, the row between FOTA vs ‘Mad Max’ ended, and everyone seems happy about it.

Max Mosley was quoted, “There will be no split. We have agreed to a reduction of costs. There will be one F1 championship, but the objective is to get back to the spending levels of the early ’90s within two years. I won’t be up for re-election, now we have peace.”

The news was announced after a meeting of the World Motor Sport Council in Paris.

There FOTA and FIA signed a cost-cutting deal, where Ferrari, McLaren, BMW Sauber, Renault, Toyota, Red Bull, Toro Rosso and Brawn GP will abide unconditional to the compromised deal.

F1 supremo Bernie Ecclestone said after the meeting, “very happy common sense has prevailed.”

This last remaining four months will be Max Mosley last days at FIA, as he has been in office for 16 years now.