From GMM

Up to seven potential Formula 1 teams are eagerly awaiting the outcome of talks and decisions relating to annual budget caps in F1.

FIA president Max Mosley is pushing for a low figure, currently 33m euros, but last week invited current teams to submit their proposals ahead of this week's World Motor Sport Council meeting.

The FOTA alliance replied that they need more time to discuss the issue, but the German newspaper FAZ reports that Williams, Red Bull, Brawn, Toro Rosso and Force India believe 60 million euros - not including driver salaries - is a workable number for 2010.

The budget cap has triggered many stories about teams wanting to enter formula one, including the British GP2 outfit iSport, who in 2007 won the feeder series with Timo Glock and last year ran runner-up Bruno Senna.

Already mentioned have been David Richards - who would enter either with the Prodrive or Aston Martin names - Lola and USGPE, but also interested is the Spanish operation Epsilon Euskadi, as well as the Campos outfit.

Tensions between the FIA and existing big F1 teams, however, are running high, and Ferrari and FOTA boss Luca di Montezemolo admitted on a visit to Bahrain that he is uneasy about the budget cap speculation.

"I personally have a lot of passion (for F1) and Ferrari has a lot of passion, but this is not a never ending story," Montezemolo told reporters.


Photo Credit : Williams