French legal authorities will announce on Wednesday the verdict of the case in which Ferrari is seeking an injunction to prevent the FIA from introducing a budget cap in Formula 1 in 2010.
Representatives from both the Italian squad and the governing body appeared in a Paris court on Tuesday for an hour-long hearing, as the Maranello-based team pushed ahead with its bid to try and force the FIA to backtrack on its decision to introduce the voluntary £40 million cap from next season.
A French court representative said on Tuesday afternoon that its decision will be announced tomorrow at 2pm local time. The FIA has already stated its intention to appeal the verdict if Ferrari wins the case, meaning the issue could prolong for some time.
Tuesday, May 19, 2009
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