LONDON – FIA president Max Mosley reached a deal yesterday to stop eight rebel Formula One teams forming a breakaway series and says he will not now stand for re-election.
Mosley ceded to the Formula One Teams Association’s insistence that a voluntary 40-million pound ($65 million) budget cap from next season would be scrapped.
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The 69-year-old FIA president, the son of former British fascist leader Oswald Mosley, was at the center of a media frenzy last year when a tabloid newspaper reported he took part in a sadomasochistic orgy with five prostitutes in London. A video of the incident was widely circulated on the Internet.
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FIAchief Mosley was also devastated when his son, Alexander Mosley, was found dead at his luxury apartment in London on May 5 after an accidental drug overdose.
See the full article from “Hürriyet”
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