As reported by GMM news agency, it seems the FIA lawyers have presented a dossier with full letters from several potential 2010 entries – either new ones or teams inside the sport that are already likely to submit their entries by the May 29 deadline – agreeing with the 40M budget cap proposal.
In addition, the ruling body has argued that it would not be in the Paris' Tribunal de Grade Instance jurisdiction to give a verdict on the matter, as the rules of Formula One are solely the function of the Paris based World Motor Sport Council and not subject to civil court ruling.
Ferrari, on the other hand, have argued that it was the FIA who first broke the team's rights, as stated in the 2005 agreement between the ruling body and the Scuderia, by proceeding to bring dramatic changes to the 2010 regulations without prior consultation with a commission representing the F1 teams – namely the Formula One Teams Association.
Also, the Ferrari lawyers argued that FIA are being totally unreasonable when setting the new budget cap, as it will cut down expenditure inside the sport by a massive 90%. The Scuderia lawyer (one of them, anyway) Henri Peter revealed the Maranello based team has a current budget of 400 to 500 million euros.
Whatever the verdict, FIA will likely make use of their right to appeal it, as the saga will nonetheless continue until after the May 29 deadline imposed by the international body.
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