A deal has been reached to secure Formula One’s future after Bernie Ecclestone and the five rebel manufacturers agreed terms.

Formula One supremo Bernie Ecclestone will meet Fernando Alonso and ask the world champion to do more to promote his sport, he revealed today.

The dispute over Formula One’s future is nearing a resolution after top-level talks at Imola today.

Motor racing chief Max Mosley has warned Formula One’s rebel teams to commit to the sport next month – or risk losing their place on the grid.

Formula One will move a step closer to securing its long-term future later this month when the sport’s key parties meet for what McLaren boss Ron Dennis hopes will be another round of “constructive dialogue”.