MOSLEY: Half the current grid to lodge entries

FIA president Max Mosley now expects only around half the current grid to lodge entries to next year's Formula 1 world championship by this month's deadline, following the failure to reach agreement about plans for a voluntary budget cap in meetings last week.

Mosley and F1's commercial boss Bernie Ecclestone met with team representatives for lengthy discussions last week amid threats from a number of outfits about withdrawing from the sport at the end of this year.

And, following the failure of the teams to get any compromises off the FIA about its plans for a £40 million budget cap limit, Mosley now thinks it likely that some teams will opt against lodging their entries by the May 29 deadline.

Those teams that do not enter in time will face a late entry financial penalty if they want to get back in later, but also risk the possibility of not getting back in at all if the grid is filled with new outfits.