Ferrari lose court case against FIA
The French court has rejected Ferrari's legal bid to prevent the FIA from introducing the budget cap into Formula One. The court claimed that Ferrari simply did not have any valid reason to block plans for the £40 million budget limitation.
The decision may well introduce an interesting week for the existing teams, as the court case already revealed that 8 teams are seriously looking into competing in F1 as soon as of next year.
As next week's entry deadline will go ahead as planned, the existing teams, including Ferrari have one week to sort their position on the budget cap after threatening to leave the sport if the currently proposed ruleset would not be changed.
It is also believed that the FIA was desperate to win the case and leave the entry deadline unchanged to leave the joining possibilities open for the new interested teams.
