Now Renault & Red Bull Threaten to Quit F1 - Crisis Talks in London Tomorrow

Following the recent announcements from Toyota and Ferrari, Renault and Red Bull Racing have also now threatened to pull out of Formula 1 if radical changes are not made to the proposed 2010 budget cap.

In an effort to resolve the dispute, Formula 1 teams are due to meet Max Mosley and Bernie Ecclestone at a London hotel on Friday.

FIA boss Mosley, has attempted to railroad through a "voluntary" budget cap of £40m for the 2010 season. Teams opting for the budget cap would be allowed greater technical freedom than those operating outside the arrangement.

Whilst it is clearly imperative that the untenable levels of spending in Formula 1 are reigned in, at the same time it is absolutely non sensical to have cars from different teams operating under different technical regulations.

Teams wishing to enter the 2010 season have until the 29th May to submit their applicationsd.

With barely two weeks to go to this deadline the teams and the FIA are playing a high stakes poker game - as usual with scant regard to ordinary F1 fans.

Clearly with half the grid threatening to pull out of the 2010 season some form of compromise solution will have to be hammered out over the next few weeks and months.

ANOTHER F1 FARCE - LEWIS DISQUALIFIED

I have just heard the news that Lewis Hamilton has been disqualified from last week's Australian GP following a second steward's enquiry.

I had to check my calendar. No it isn't an April Fool's joke.

The only joke is the FIA. Yet another farce!

Imagine if you are a new viewer to Formula 1.

You see Jarno Trulli on the podium on Sunday celebrating a well earned, hard fought 3rd place result.

Then a few hours later you hear that he has been slapped with a 25 second penalty promoting Lewis Hamilton up to 3rd.

Now, following Lewis's disqualification, Jarno is back up to 3rd again after all!!

As a consequence of the disqualification, McLaren have no points from the Australian GP (Kovaleinen retired from the race) so they are "coincidentally" now all square on points with Ferrari........