Thursday 25th June 2009
Bernie Ecclestone insists there were no winners in Wednesday's deal between FOTA and the FIA, despite the former getting pretty much everything they demanded and more.
With the threat of a breakaway series on the cards, which saw Ecclestone facing the lose of his £1.5billion per year empire, the F1 supremo sat down with FOTA chairman Luca di Montezemolo and Max Mosley to thrash out a deal.
The announcement finally came on Wednesday afternoon with Mosley informing the world that next year there will be just one Championship, it will be run under this year's regulations and that he will step down from his role of FIA President in October.
But while that may seem that FOTA got everything they wanted, Ecclestone says it was a compromise and not a win/lose outcome.
"No winners, just a good compromise," said the 78-year-old.
"I'm obviously very, very happy common sense has prevailed which I've always believed it would because the alternative was not good at all," remarked the 78-year-old.
"I also must say I'm very, very, very happy the teams have come to their senses to stop spending large amounts of money."
Source : Planet F1