F1 teams to meet Mosley again on Friday

By Alan Baldwin

MONACO (Reuters) - Formula One teams will meet FIA president Max Mosley Friday with champions Ferrari and other manufacturers threatening to walk away from the sport at the end of the season.

The meeting, which team sources said would be on Renault team boss Flavio Briatore's luxury yacht at the Monaco Grand Prix, will be the second in eight days between the teams and head of the governing International Automobile Federation to try to resolve the crisis.

Friday is a rest day for the Formula One teams ahead of Sunday's race.

The teams, some of whom attempted to stage a walkout at the last meeting in London, face a May 29 deadline to sign up for the 2010 championship but Formula One's commercial supremo Bernie Ecclestone doubted many would do so.

"We'll have to wait and see. I think the majority probably won't put an entry in," he told Reuters.

Toyota, champions Ferrari, Renault and the two Red Bull teams all say they cannot sign up for 2010 unless the regulations, which include an optional 40 million pound ($63.18 million) budget cap, are rewritten.

"There is a high probability that we won't enter before the deadline," Toyota motorsport president John Howett told Reuters.

"If nothing changes I don't think that professionally it is possible to commit the company to do that. I can't recommend that in my position."