Mosley says F1 budget cap could be phased in

Formula One teams may get a year's grace before a 40 million pounds budget cap is introduced, International Automobile Federation (FIA) President Max Mosley said on Sunday. "I can imagine we maybe take it through one year, it's possible, but that's something under discussion," he told Reuters at the Monaco Grand Prix after meeting team principals. "(There could be) a higher figure (next year), and then going to the full cap in 2011," he added. "This is a possibility."

Mosley also said one or two manufacturer teams could leave the sport at the end of the season, with or without a budget cap, but he was confident that champions Ferrari would remain despite their threat to quit. Reuters