Mosley set to depart as F1 find peace formula

MAX MOSLEY’S 16 years as president of the FIA are poised to draw to a close after one of the most dramatic u-turns seen in Formula One.

Since announcing at the end of April a voluntary £40 million (€47.1m) budget cap would come into force from next year, Mosley has belligerently stood his ground for the last two months.

It came to the point where, during the course of the British Grand Prix weekend, the sport faced the serious threat of fracturing in two as the Formula One Teams’ Association announced their intention to set up a rival series.