Signor Piero Ferrari, son of company founder Enzo, went on to compare the situation with the financial aspects of the Italian football league.
"In Italy we have Internazionale, who are winning, and they spend huge amounts of money for the best players. But in Serie A you also have a team like Catania, who have no money; so do you say to Catania, 'You can play with 12 players,' and to Inter (Milan), 'You must play with nine'? It wouldn't be fair, but that is what the new Formula One rules are like - they're not acceptable at all. *Everybody on the grid has to start with the same rules, otherwise there's no competition and it's somebody else *deciding who's going to win."
This is not because we want to spend money," he continued. "We want to save money. All of the constructors are keen on reducing the Formula One expenses, but
you can reduce the expenditure without having a budget cap, and it's not enforceable, anyway. It's difficult enough to enforce the technical rules, as was proved recently by the business with the diffusers, so how can you enforce or control a budget cap(engines, marketing, hospitality and driver fees)?"
Ferrari explained that a more efficient way of controlling costs would be to do so on the technical aspects of the sport as opposed to commercial, in the way that teams are currently doing so on engines and will be with gearboxes next year. "I have good friends racing
in NASCAR in the United States.
They control the costs - the number of *mechanics, for instance - and the teams are racing with the same rules for everybody. We could do something like that," he suggested.
"We are not joking. We are talking *seriously because, really and truly, Ferrari will not be in the next championship if they stay with these rules."
Parr's comments stem particularly from the fact that smaller teams - considering F1 as a result of the cap - are waiting in the wings, along with the current field, to receive final confirmation of the regulations with a view to submitting their 2010 championship entries at the end of this month before the revealing of next season's line-up in mid-June.
FIA not willing to compromise with FOTA (Formula One Teams' Association)
"It was quite a friendly meeting, but in the end all that happened was that the teams have gone off to see if they can come up with something better than the cost cap. We explained we cannot put back the entry date, as this has all been published, and we cannot disadvantage the potential new teams who will come in but we are prepared to listen to whatever they have to say.
"In the meantime, the regulations are as published. We have explained that we want everyone to race under the same regulations; we have explained that we would like all of the teams to come in under the cost cap and that is what they have gone off to consider. We have said that we cannot see why anyone wouldn't want to operate under the cost cap and it would mean a gradual relaxation of the technical regulations, which all of the engineers would want. We said, in the end, that the choice was between intellectual freedom and financial constraint or intellectual constraint and financial freedom, which is what they have had up until now."
The budget cap, as well as hoping to secure a controlled future for the Formula One World Championship, is also designed to encourage new teams to submit entries for next year, of which all applications must be received by the FIA no later than 29 May. "We have pointed out, and it is something the engineers have said, that current F1 consists of endless refinement at enormous expense and we want to move away from that and have invention and creativity," the FIA president continued to explain, "but we can only do that if we restrict the cost because, if we have unrestricted cost, nobody would be able to afford it - I think some of the teams agree with that idea and some don't, and they have gone away to discuss it."
The Litespeed team is planning to place an entry bid for next year's Formula One World Championship, after governing body the FIA announced plans for a £40m budget cap and greater financial assistance for new entrants as of 2010. The British Formula 3 squad has linked up with asset management group MGI, headed by former F1 technical director Mike Gascoyne, with a view to putting the team forward for entry before the 12 June deadline.
"In times of crisis we hope that fortune will favour the brave," said Litespeed team boss Nino Judge
The British Lola team is prepared to submit its entry to the 2010 World Championship as a result of the FIA's cost-capped regulations.
Rome presents Grand Prix circuit
Organisers of the Rome Grand Prix have announced that a Formula One race around the streets of the Italian capital is 'no longer a dream but a real possibility'. City Mayor Gianni Alemanno led the presentation in the historic city, as it looks to host its first Grand Prix in 2012.
Is the city Mayor worried, however, over the possibility that Ferrari may not be present as a result of the FIA-FOTA budget-capping dispute? "We can not make a Grand Prix in Rome without the red," Alemanno admitted. "I do not think we could have the idea of a Grand Prix in Rome without Ferrari; I am absolutely convinced that, when we run in Rome and even before, Ferrari will be on the track."