max:1-May-1994RIP Ayrton Senna
No disrespect intended....I give that Goodyear hat 2 big thumbs up.
http://sports.espn.go.com/rpm/racing/f1/news/story?id=4184252
A French court dismissed Ferrari's bid to stop Formula One from instituting a budget cap next season.
Ferrari sought a court injunction against governing body FIA's plans to introduce a voluntary $60 million cap for racing teams from 2010, but the appeal was rejected Wednesday by Judge Jacques Gondrand de Robert.
"There is no imminent damage that needs to be prevented or clearly unlawful unrest that needs to be stopped," the judge said.
Ferrari, Renault, Toyota, Red Bull and Toro Rosso have threatened to pull out of next year's championship if the cap isn't overturned.
The judge accepted Ferrari's legal right to challenge the plans but agreed with the FIA that the team should have taken its case earlier to the World Motor Sport Council.
The deadline for entering the 2010 championship is May 29, giving disgruntled teams little more than a week to find an alternate solution. The teams are in Monaco this week for the Monaco Grand Prix.
F1 team owners met with FIA president Max Mosley and F1 boss Bernie Ecclestone in London last week but failed to resolve the dispute.
Teams that accept the budget cap will be allowed to make more technical changes to their cars than those that don't. Teams opposing the cap have claimed that Mosley and FIA pushed through the changes without proper consultation.
Ferrari sent a team of three lawyers to a high court in Paris on Tuesday, arguing that FIA should not be able to change the rules.
The Italian team's lawyers, Emmanuel Gaillard and Henri Peter, said F1 was in danger of becoming a two-tier championship if budget caps were applied. They argured with 700 employees worldwide, Ferrari is unable to reduce its budget significantly in such a short time.
The FIA insisted that the survival of F1 means cutbacks are necessary in a time of "deep financial crisis."
Ferrari is F1's most famous team, having competed in the series since its inception 60 years ago. Mosley has said Ferrari must adapt, regardless of its prestige within the sport.