Mosley claims deal in F1 row ‘very close’

FIA president Max Mosley insists he is “very close” to an agreement with the Formula One Teams’ Association (FOTA) which could stave off the threat of legal action being launched today.

The prospect of a breakaway series being set up by the eight teams representing FOTA has accelerated the need for a deal to be agreed, otherwise the sport will be hauled through the courts.

After issuing legal proceedings against Ferrari, McLaren, Renault, BMW Sauber, Toyota, Brawn GP, Red Bull Racing and Toro Rosso on Friday, the FIA were due to formally serve their writ today.