F1's teams alliance admitted "concerns" about the 2010 budget cap after a meeting in Heathrow on Wednesday.

F1's teams alliance admitted "concerns" about the 2010 budget cap after a meeting in Heathrow on Wednesday.

"FOTA has concerns with the decisions taken at the last WMSC meeting regarding the 2010 regulations and therefore asks to begin urgent consultations with the FIA," read a statement.

To the UK newspaper Express, F1 chief executive Bernie Ecclestone said the teams are wrong to oppose the 40m pounds sterling cap.

"The big teams don't get it because it's not in their DNA to make money in formula one. All they want to do is spend, spend, spend," he said.

"Odd isn't it that at a time when everyone else in the commercial world is trying to cut costs and save money, we offer them a plan and some are not happy," Ecclestone added.

He also thinks the time is right for the car manufacturers in F1 to dramatically curb their spending.

"How will it look if a board of one of the manufacturers which is losing money turns down the chance to cut costs hugely?" he wondered.

The FOTA statement also said discussions about a new Concorde Agreement were had in London, and it was agreed to continue cost-cutting methods for 2010 and 2011.

Ross Brawn was interviewed by the BBC afterwards but did not comment on earlier speculation that he could be removed as FOTA's technical chief, or prevented from receiving Honda's owed commercial income.

 

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