Red Bull boss, Dietrich Mateschitz, who also owns the Toro Rosso F1 team, has warned that he will pull out of the sport next season if the FIA goes ahead with its current budget cap proposal.

In the wake of similar warnings from Ferrari, BMW and Toyota, Mateschitz told Salzburger Nachrichten: "If the proposed rules for 2010 stay unchanged, we will not take part in the 2010 championship. Manufacturer teams will no longer take part. Of the current teams, only two or three will remain."

Mateschitz, a good friend of FIA President Max Mosley, whilst acknowledging the need for cost cutting, feels that the creation of a two-tier series - which is the only possible outcome under the current proposals - believes that such a move would be against the spirit of F1.

The Formula One Teams Association is hoping to meet with Mosley ahead of the Monaco GP.

LATEST NEWS

more news >

LATEST IMAGES

galleries >

Click to go to the main galleries section

POST A COMMENT

or Register for a Pitpass ID to have your say

Please note that all posts are reactively moderated and must adhere to the site's posting rules and etiquette.

Post your comment

Sign in or register for a Pitpass ID to leave a comment here!

post comment

READERS COMMENTS

No comments posted as yet, would you like to be the first to have your say?

Mateschitz warns of Red Bull pull-out

LATEST NEWS

RELATED ARTICLES

LATEST IMAGES

POST A COMMENT

Post your comment

READERS COMMENTS

Share this page