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FIA discussing cost control with teams 15 Jun 2012

Grid girl with FIA flag. 
Formula One World Championship, Rd 4, Turkish Grand Prix, Race, Istanbul Park, Turkey, Sunday, 8 May 2011

Formula One racing’s governing body, the FIA, has confirmed it is in talks with teams over potential changes to the sport’s technical regulations aimed at further reducing the cost of competing in the sport.

In a statement released following Friday’s meeting of its World Motor Sport Council in Paris, the FIA said the intention was “to help all teams participate in the Championship in a fair and equal manner.”

Any such changes would have to be agreed by the end of this month.

Friday’s FIA statement in full:
“At their request, the FIA is having active discussions with teams regarding cost control and any amendments to the technical regulations resulting from a further limit on expenditure on the chassis will be submitted to the WMSC via a fax vote before 30 June. The intention is to help all teams participate in the Championship in a fair and equal manner.

“Constructive Concorde Agreement discussions are on-going between the FIA and the Commercial Rights Holder, with the intention of finalising an agreement in the coming weeks. It was also decided that the deadline for the closing of entries be deferred to 30 September.”

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