According to UK newspaper reports, Mosley wants to overhaul the sport to make it more competitive – and allow more teams to enter.
Among the proposals – due to be discussed during a meeting in Monaco next week – will be plans to change a number of technical specifications which will reduce the costs – with a view to expanding the number of teams from ten to twelve.
Despite an exciting season last year, Michael Schumacher and Ferrari’s dominance of the opening races in 2004 has left it facing criticism once more that it is predictable and boring; with too few drivers and teams having any realistic chance of winning a race.
Meanwhile, the war of words raging over the future of the British Grand Prix – following IPG’s decision to sell-out to Bernie Ecclestone earlier this week – rages on.
Former driver Jackie Stewart, president of the British Racing Drivers’ Club (BRDC) – owner of the Silverstone site – responded angrily to Ecclestone’s criticism of the track.
Said Stewart: "We are waiting for Mr Ecclestone to commit monies already agreed between Formula One Management, Interpublic, and the BRDC to build a new pit and paddock complex and media centre.
"The other venues around the world that have modern day facilities such as Spain, Germany, France, and Australia have all been funded by governments."
Stewart said he ‘anticipated’ the British Grand Prix remaining on the Formula One calendar, despite fears it could be scrapped.
