McLaren and Ferrari agree to call a halt to Formula One spy saga

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McLaren later issued a public apology to Ferrari. However, as far as the Italian team were concerned, the matter did not rest there as they looked to pursue their rivals through the courts.

But via statements released by the two teams, closure has been agreed in an attempt to allow both parties and the sport of Formula One to move on.

The McLaren statement today read: "In light of the formal closure in December 2007 of the FIA and FIA World Motor Sport Council proceedings against McLaren, and of McLaren's public apology to Ferrari which we have reiterated, Ferrari and McLaren have agreed to bring the various disputes between them in relation to this matter to a final conclusion.

'McLaren has also agreed to the reimbursement of Ferrari's costs and expenses relating to these matters and a concluding payment.'

Ferrari's response read: 'Ferrari acknowledges McLaren's reiterated apology for the well-known events which occurred during the 2007 F1 Championship.

'In the best interests of Formula 1 and taking into account the formal closure in December 2007 of the FIA and FIA World Motor Sport Council proceedings against McLaren, it confirms that it has accepted to put an end to all outstanding controversies between the two teams.

'Ferrari will donate to charity the concluding payment received from McLaren.'

However, Ferrari have confirmed they are to continue their legal action against Nigel Stepney, a former employee who is alleged to have handed over the information to McLaren's former chief designer Mike Coughlan. Stepney denies any wrongdoing.

The statement added: 'Ferrari will pursue its claims against Nigel Stepney in connection with the matter.'