Big names facing axe from Formula One grid next year

FIA president Max Mosley will today announce a Formula One line-up for 2010 that could send shockwaves through the sport.

Mosley met with a handful of representatives from the Formula One Teams’ Association in London yesterday, in an 11th-hour attempt to resolve the budget-cap row that has dominated F1 in recent weeks.

Despite further lengthy negotiations between Mosley, Ferrari team principal Stefano Domenicali, Toyota Motorsport boss and FOTA vice-chairman John Howett, Red Bull Racing chief Christian Horner and Ross Brawn, it is understood that fundamental differences remain to be resolved.