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Last-ditch effort to reach compromise

FORMULA One teams have written to the sport's powerbrokers in what they see as a final attempt to break a deadlock over next year's rules and prevent a damaging split.

"The time has come when, in the interests of the sport, we must all seek to compromise and bring an urgent conclusion to the protracted debate regarding the 2010 world championship," the Formula One Teams Association (FOTA) said.

The letter was addressed to International Automobile Federation (FIA) president Max Mosley and Formula One's commercial supremo Bernie Ecclestone.

"We hope that you will consider that this letter represents significant movement by the teams, all of whom have clearly stated a willingness to commit to the sport until the end of 2012," it added.

"We would therefore strongly but respectfully submit that you consider these proposals and seek to avoid the potential departure from Formula One of some important teams. Now is the time to find a reasonable and rapid solution to the outstanding issues."

A source at one of the teams indicated that the letter represented a last attempt at compromise with a Friday deadline looming for five of the FOTA member teams to make their 2010 championship entries unconditional, with the FIA's reaction of critical importance.

FOTA suggested the deadline should be extended to July 1 to allow time for further discussions and the signing of a new confidential Concorde Agreement.

The FIA said on Tuesday that talks with the eight teams within FOTA had broken down and the 2010 rules, that include a controversial budget cap, would remain as published.

Ferrari has threatened to walk out after an unbroken 60 years in Formula One if an optional 40 million pound (US$65.22 million) budget cap, designed to help new teams enter and existing ones weather the credit crunch, is not scrapped.

Renault, Toyota and the two Red Bull teams have also said they cannot accept the rules.

The FIA has also accused FOTA of wanting to take over the sport.



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