23 Jun 2009

Ecclestone says he will not let F1 collapse

6:34 am on 23 June 2009

Formula One supremo Bernie Ecclestone says he is not prepared to see the sport collapse in the face of the breakaway movement from eight teams.

Ecclestone says only disaster will follow if the Formula One Teams Association goes ahead with its decision to create a breakaway series.

He says if that was to happen everybody would aspend a fortune in lawyers there would be no other series.

Ferrari, McLaren, Renault, BMW Sauber, Toyota, Brawn GP, Red Bull Racing and Toro Rosso, under the FOTA banner, said on Friday they would not sign up to next year's world championship and would start their own series in 2010.

It was the culmination of a bitter dispute over plans by Max Mosley, president of F1's ruling body the FIA, to introduce a budget cap.

Ecclestone also defended Mosley's cost-cutting plans as part of an attempt to save the sport, and says he might drop the plans if the teams commit themselves for the next five years.