It may be unpaid but when you get free First class travel around the world, all expenses paid for it must a hardship for the little twerp.

Exactly BBC paid for F1 so I doubt they will do both ..............

Does this sound familiar just cut from Wikipedia, could well happen to F1 but in reverse no pun intended.

The IRL was founded in 1994 by Tony George and began racing in 1996. CART had sanctioned Indy car racing since 1979, when the organization broke away from USAC. George blueprinted the IRL as a lower-cost open-wheel alternative to CART, which had become technology-driven and dominated by a few wealthy multi-car teams, much like Formula One. It initially attracted some of the smaller teams who believed in the vision presented by Tony George. In later years, the IRL has become similar to the CART series from which it separated. The League's winner's circle is now dominated by a few wealthy teams—including those from the old CART series, such as Chip Ganassi Racing and Team Penske—a strong contingent of foreign-born drivers, and has a schedule which includes seven races that are not contested on ovals.

At its inception, the series and George himself were criticized by members of the media and some CART competitors. The IRL's early seasons consisted of sparse schedules, mostly unknown drivers, and inexperienced teams, even in the Indy 500. Eventually the schedule expanded, and caliber of drivers improved. The IRL began to draw teams from CART starting in 2000, contributing to the latter's bankruptcy, rebranding as Champ Car in 2003, and ultimate demise and absorption by the IRL in 2008.

FIA takes legal action over breakaway (they sound rattled)

I think thats whats got them really rattled!!

Am I the only person that thinks that the spending cap is a really good idea?

Personally I would love to see F1 return to the days when driver skill and engineering innovation were dominant factors rather than the computer tweaks and large R&D budgets as at present.

However, I also agree with FOTA that the continued unilateral actions of the FIA are unacceptable. Bernie, Max et al. have been stifling real innovation for years.

Incidentally, did anyone watch the Catalunya MotoGP last Sunday? OMFG!

I understand the idea but F1 is meant to be the pinnacle of motor sport, why have two F3000 series?

I agree with a budget cap, wealthy teams should not just buy their way out of a disadvantage. Innovation should be allowed to provide it's own advantages.

McLaren, Toyota and Ferrari have lost key personalities from their teams and simply want to 'brute force' their way to the front of the grid by throwing vast sums of money at a problem, and testing endlessly. It's that mentality that has stifled the sport. Theres no benefit for smaller, clever teams.

Despite the above, I agree in principle with the FOTA teams. They have all stated they want to reduce costs and are willing to work with a budget cap. The FIA are being typically bullish and are trying to set a cap without compromise.

Brute force (money) has never been the whole answer to success, look at Toyota? They have spent millions since entering F1 but achieved nothing proving you don’t need a budget cap just well regulated transparent rules with a well structured managed team.

Get the rules right, stop pissing around and it will sort itself out.... simple.

An agreement has been reached between Formula 1's governing body and the teams to prevent a breakaway series, says FIA president Max Mosley

Hopefully true, especially the bit about Mosley standing down....

Bye, Max. You'll be missed. *sniff*

Probably

F1 has brought in some of the key safety features in cars we see today, and as a top flight sport I think it's worth it, especially when people are getting paid £80k a week to kick a bit of leather around a shaped field for 90 minutes

The only problem with a spending limit is the bigger teams can't afford to pay all their staff with £40million. Ferrari employ hundreds of people in their team.