Peace breaks out in F1 budget cap row

Formula One’s budget cap row looks over as Ferrari and other leading teams submitted conditional entries to the 2010 world championship on Friday. Ferrari had led opposition from the Formula One Team’s Association (FOTA) against proposals by motor sport’s governing body Federation Internationale de ”Automobile (FIA) over a proposed $60 million limit on spending by the teams. The deadline to sign up for the 2010 season was Friday and Ferrari joined McLaren, BMW Sauber, Toyota, Renault, Red Bull Racing, Toro Rosso and Brawn GP in confirming their entries

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