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Tuesday May 12, 2009

Red Bull also issue threat to quit F1

VIENNA: Red Bull on Sunday said they could pull out of the Formula One world championship at the end of the season as the revolt over a proposed budget cap grows even more militant.

Dietrich Mateschitz, the owner of the drinks company which backs the team, wants the FIA, the governing body, to change their rules which would place a ceiling of �45mil on each team in a drive to slash the sport’s huge costs.

“If the proposed rules for 2010 stay unchanged, we will not take part in the 2010 championship,” Mateschitz told the Salzburger Nachrichten newspaper in an interview published yesterday.

“Teams of manufacturers will no longer take part.

“Of the teams now, only two or three will remain,” added the Red Bull chief who also runs sister team Toro Rosso.

Under the proposed voluntary budget cap, those teams who spend below the figure will be able to take advantage of various technical benefits which are currently banned under current specifications.

On Saturday, Japanese team Toyota said they too would consider their future in the sport with many teams unhappy with the two-tier budget cap system in 2010. — AFP

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