FOTA denies compromise deal is close.
FIA president Max Mosley said at Silverstone on Sunday that he felt the teams and the governing body were 'very close' to a resolution that would avert the threat of a rival series in 2010. However, Formula 1 teams have rejected suggestions that they are near to a compromise deal with the FIA. They insist they are committed to the breakaway plans. FOTA is planning to hold a meeting next Thursday to begin formal selection of championship promoters, technical regulations and a calendar.