“After discussions between their lawyers and those of the FIA, Mr Flavio Briatore and Mr Pat Symonds have each made a settlement offer to the FIA President with a view to putting an immediate end to the legal proceedings,” said the statement from the FIA.
“Each of them recognising his share of responsibility for the deliberate crash involving the driver Nelson Piquet Junior at the 2008 Grand Prix of Singapore, as "Team Principal" of Renault F1 where Mr Flavio Briatore is concerned, they have expressed their regrets and presented their apologies to the FIA.”
As part of the agreement, both Briatore and Symonds have agreed to stay out of all FIA-sanctioned championships until 2012, while out of F1 until 2013.
“They have undertaken to abstain from having any operational role in Formula One until 31 December 2012, as well as in all the other competitions registered on the FIA calendars until the end of the 2011 sporting season.”
“They have also abandoned all publicity and financial measures resulting from the judgment of 5 January 2010, as well as any further action against the FIA on the subject of this affair. In return, they have asked the FIA to abandon the ongoing appeal procedure, but without the FIA recognizing the validity of the criticisms leveled against the WMSC’s decision of 21 September 2009, as well as to waive the right to bring any new proceedings against them on the subject of this affair.”
“(...)The FIA President has considered that it is in the best interests of the FIA not to allow the perpetuation of these legal disputes, which have received a great deal of media coverage and which, regardless of the outcome, are very prejudicial to the image of the FIA and of motor sport, and thus to accept this settlement solution, thereby putting an end to this affair,” concluded the statement.
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