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FIA boss Max Mosley said he hopes Formula One will become "more interesting" in the future after he convinced the ten team chiefs to accept radical proposals for new rules at a meeting in Monaco on Tuesday.

FIA boss Max Mosley said he hopes Formula One will become "more interesting" in the future after he convinced the ten team chiefs to accept radical proposals for new rules at a meeting in Monaco on Tuesday.

Mosley called the team bosses, Formula One commercial rights holder Bernie Ecclestone, and several key engine manufacturers to Monaco to discuss the uncertain future of the sport after this season began with more Ferrari domination.

They agreed, in principle, for a change in qualifying rules this season, a new engine format to be introduced by 2006 and a single tyre supplier and a ban on electronic driver aids due to be brought in by the 2008 season.

"It will make Formula One more interesting, there will be closer racing and more overtaking - that was the basic idea because that is what the fans want to see," said Mosley. "It was a very good meeting. Where I had expected very significant dispute and debate there really was none and it was very constructive.

"We went through all of the proposals and discussed them with the teams in some detail and as far as doing things sooner than 2008 there was a wide measure of agreement that we need changes much sooner."

The engine format could be brought in two years early, by 2006, if engine manufacturers can come up with an efficient method of reducing costs when they meet to discuss ideas at this weekend's Spanish Grand Prix.

A new qualifying format could be brought in before the end of the year after team principals agreed the back-to-back single lap system introduced this season has failed. Mosley hopes the changes, which also include the possibility for teams to loan out or sell their cars to other teams, will also reduce operating costs and encourage new outfits to enter the sport.

He is also pushing for a reduction in non-event testing throughout the year, and is keen on banning mid-race tyre changes while retaining refuelling stops in Grands Prix.

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