Deal reached to avoid breakaway F1 series

A deal has been reached with Formula One teams to avoid a breakaway series next year, FIA president Max Mosley said this afternoon. Mosely and eight teams had been at loggerheads over his plans to introduce a budget cap for 2010. Mosley also said he...

A deal has been reached with Formula One teams to avoid a breakaway series next year, FIA president Max Mosley said this afternoon.

Mosely and eight teams had been at loggerheads over his plans to introduce a budget cap for 2010.

Mosley also said he would not stand for re-election as FIA president.

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