F1 resolution found, says Mosley

[bodgit]

An agreement has been reached between Formula 1's governing body and the teams to prevent a breakaway series, says FIA president Max Mosley. The two parties had been engulfed in a bitter row over planned budgetary and technical changes for the 2010 season.
But it appears a resolution has now been found and, as part of the deal, Mosley has agreed not to stand for re-election as president.
"There will be no split. We have agreed to a reduction of costs," added Mosley.
"There will be one F1 championship but the objective is to get back to the spending levels of the early 90s within two years."
http://news.bbc.co.uk/sport1/hi/moto...ne/8116756.stm

Shame he cannot take Bernie with him