Ferrari have said their quit at the end of this season if Formula One has a £40m budget cap from 2010."No F1 in 2010 if the rules do not change, Ferrari does not intend to register cars for the 2010 F1 world championship." read a statement.
Mosely said : "The sport could survive without Ferrari. It would be very sad. It is the Italian national team."
Bernie Ecclestone, told the Times: "Ferrari are not stupid. They don't want to leave Formula 1 and we don't want to lose them, so we'll get to grips with it."
Ferrari are worried there will be a two tier championship with those who have the budget caps and those who don't and can develop their cars with fewer restrictions.
Why they are so opposed to this however has not been clearly established. It is unlike the Ferrari team to make such bold statements and does not seem to be the political posturing we have seen of other teams.
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