Mosley makes final offer to end crisis

24 hours before the Friday deadline, Max Mosley has made a final offer to rebel Formula One teams in a bid to end the sport's political crisis.

In a letter to the rebel FOTA teams on Thursday, a copy of which was seen by this publication, the FIA president offered to amend the published 2010 rules so that the budget cap is 100m euros, reducing to 45m in 2011, and also wind back the so-called 'two-tier' elements.

In FOTA's letter of compromise on Tuesday, the teams did not mention a figure for the cap.

Mosley said he would agree to the teams' proposal that the cap be policed by a system of "self-reporting", with suspected breaches to be investigated by a "mutually acceptable auditor".

He also wants them to extend the expired 1998 Concorde Agreement so that it stretches until 2014, and said he is "not averse" to agreeing to FOTA's demands to changes to processes including the International Court of Appeal.

At least one FOTA team figure, however, remarked that he is not sure Mosley is actually compromising very much.

"I don't think he's moved at all, to be honest," he said.