May 26 (GMM) Flavio Briatore could be central to F1's future.

The Italian, who was ousted and banned from the sport amid the 'crashgate' scandal a few years ago, was back in the paddock in Monaco on Friday.

He admitted he has been working on new regulations, with speculation suggesting they will be an alternative should F1's commercial rights holders split with the governing FIA.

"At the moment F1 is a hobby but I speak regularly with Bernie; there are even days when we speak two or three times," Briatore is quoted by the Spanish newspaper AS.

"I have proposed new regulations that would be good for all the teams, to increase the spectacle and, above all, reduce the costs."

He said success would be possible on a team budget of "(EUR) 100 million" per year.

"That's a hell of a lot of money," Briatore told Auto Motor und Sport.

On Monday, a high-powered meeting will take place in Monaco.

Present will be FIA president Jean Todt, Ecclestone and the teams, according to Germany's Auto Motor und Sport.

The report said "most teams want the FIA to continue to write and control the rules".

"F1 needs a third perspective," Mercedes' Ross Brawn said.

Commented Red Bull's Christian Horner: "I see the potential for conflict.

"Bernie is worried about the show. The sound of the engines is a big part of it."

Part of the engine dispute is already in the public domain, with the FIA and the manufacturers pushing for the new turbo V6 to debut in 2014, and many of the small teams wanting a delay.

Ecclestone is also on the other side of another debate, as he would reportedly like to see established constructors Ferrari, Red Bull, McLaren, Mercedes, Lotus and Williams supply customer cars to their smaller rivals.

It is a high stakes situation, with Briatore's 'GP1' idea potentially giving Ecclestone more control but probably losing the crucial names 'formula one' and 'world championship'.

That would have value implications for the planned Singapore floatation.

"It would not be desirable if the FIA is no longer there," said Peter Sauber. "The big teams would just do what they want."

Force India's Otmar Szafnauer added: "It would be bad for our credibility if we didn't have an independent regulator."

Horner disagrees: "You could write your rules by committee with everyone involved and show them to the FIA to make sure they work, just like GP2."

Latest F1 News - Mobile version

26 Feb: New Ferrari not quickest in field - Domenicali 26 Feb: Red Bull still best in 2013 - Tost 26 Feb: 2014 French grand prix 'possible' - Prost 26 Feb: Danica Patrick 'not interested' in F1 switch 26 Feb: Report - Gilles Simon working on F1 engine for Honda 26 Feb: Gutierrez plays down link to Carlos Slim 26 Feb: Caterham exhaust 'legal' insists van der Garde 26 Feb: McLaren replaces Mercedes-bound Lowe 25 Feb: 'Engine maps' trouble for Red Bull, Lotus - report 25 Feb: Mercedes-bound Lowe to miss 2013 opener - report 25 Feb: Mercedes 'in group of teams' behind Red Bull - Lauda 25 Feb: Gutierrez expects Hulkenberg to beat him early in 2013 25 Feb: New Ferrari 'much better' than 2012 - Massa 25 Feb: Teams 'will adapt' to new tyre situation - Gutierrez 25 Feb: Tight rules make today's F1 cars 'the same' - Forghieri 25 Feb: Williams removes controversial exhaust trick 25 Feb: Contract 'conflicts' cause of Marussia test snub - Razia 25 Feb: Lotus to fight Red Bull for title - Gutierrez 25 Feb: Marussia 'ahead of Caterham' - Chilton 25 Feb: Sutil will not stay in F1 as test driver The latest F1 News - Mobile Version

F1 News  F1 Schedule  F1 Line-up  Constructors' Championship  Drivers' Championship  F1 Tickets  Live F1 Coverage

Full Version: Formula 1 News  Formula 1 Schedule  Formula 1 Line-up  Constructors' Championship  Drivers' Championship  Live F1 Coverage  10 'n' Pole  F1 Regulations  The Forums  Motorsport Shop  F1 Merchandise  F1 Tickets  F1 Diecast  F1 Videos  F1 Games