Every team must have registered for the 2010 world championship, and either committed to the £40 million budget cap or not, by the end of May. That leaves just four weeks and a lot of planning to be done

No sooner had the FIA announced its 'voluntary' £40 million F1 budget cap last week than Ferrari president Luca di Montezemolo was writing to Max Mosley warning that an unfair and biased championship would damage the sport.

No surprise there. Teams like Ferrari and McLaren, as they stand, haven't a snowball in hell's chance of hitting a £40 million budget cap. And if the rules are skewed in favour of the cheapos, as I've already heard them dubbed, then the landscape hardly looks attractive for Maranello or Woking.

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