(GMM) After meeting with 'GPMA' bigwigs in Bahrain, Bernie Ecclestone revealed that an agreement has 'more or less' been approved to drive formula one into the future.
Following months and years of uncertainty and the carmakers' threat of a 2008 'breakaway' championship, the F1 supremo said the meeting went 'very well' and all outstanding issues were solved.
''On the commercial side, we are more or less at the point of agreement,'' Bernie added.
He suggested that the last piece of the jigsaw puzzle is agreement over Max Mosley's controversial rules for 2008 and beyond.
However, on the commercial side, a 'memorandum of understanding' is presently being drafted, and BMW, Mercedes, Renault, Toyota and Honda are all expected to sign up.
McLaren's Ron Dennis, in addition, suggested that a final agreement is 'more than a day (but) less than a month' from being penned.
Written: Sat, 11 Mar 2006 18:01:34
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