Ferrari lose appeal against budget cap
Wednesday 20th May 2009
Ferrari have lost their bid to gain an injunction against the FIA's plans to introduce its controversial budget cap next season.
The Scuderia indicated before the court case that they will withdraw from the 2010 Championship if the FIA refuses to back down on the £40 million budget cap or the 29 May deadline for entries to next year.
But after a one-hour hearing at the Tribunal de Grande Justice in Paris on Tuesday, judges on Wednesday sided with FIA president Max Mosley's organisation.
"There is no imminent damage that needs to be prevented or clearly unlawful unrest that needs to be stopped," the court ruled.
Mosley hits back at Ferrari after ruling - Planet-F1 News - from planet-f1.com
Well there we go. It is time for Bernie to do something.