FOTA boss delighted with outcome

Di Montezemolo made it abundantly clear, in light of a peace pact being brokered between the FIA and FOTA, as to whom he felt had won the war after Mosley decided not to stand for re-election for a fifth term following Wednesday's agreement which means there will now be no breakaway series.

"The satisfaction is that all of our requests have been accepted," said Di Montezemolo. "To us, three things were most important: that F1 stay F1 and not become F3; that there is no dictator, but that there was a choice of rules, agreed and not imposed; and that whoever had a team was consulted and had a voice."

He added: "Mosley has announced that in October he will stand down, with an irrevocable decision, and that from now on he won't get involved in F1.

"Could Mosley change his mind? He can, yes, but we won't. What has been fundamental is the unity of the teams, of the manufacturers.

"(Bernie) Ecclestone said he fed FOTA's cards to his dogs; Mosley said he didn't know what FOTA was. It now seems to me both of them have something different to say.

"Now finally we have stability of the regulations until 2013, and I want to thank all our fans because the public had had enough of the changes."

It was F1 supremo Ecclestone at the heart of the deal, appreciably so given he faced losing his £1.5billion per year empire with the formation of a rival series.

With so much money on the line, Ecclestone effectively knocked the heads together of Mosley and Di Montezemolo during talks on Monday night and Wednesday ahead of a World Motor Sport Council meeting in Paris.

"I'm obviously very, very happy common sense has prevailed which I've always believed it would because the alternative was not good at all," remarked the 78-year-old. "I also must say I'm very, very, very happy the teams have come to their senses to stop spending large amounts of money."