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Michelin will Only Pay for Indy Tickets

Michelin motorsport boss Pierre Dupasquier has said the company is going to stand firm over its compensation package for the United States Grand Prix fiasco, after claims this week that they should be ready to pay up to £30 million

FIA president Max Mosley has heaped the blame for the events at Indianapolis firmly on Michelin's shoulders and claimed the French tyre manufacturer should be fully responsible for any costs caused by the mass withdrawal of the race.

But Dupasquier is adamant that Michelin has no plans to do any more than the offer of ticket refunds for fans at the US GP and the purchasing of 20,000 tickets for next year - which in total will cost the company about £8 million.

"Hand on heart, we have said we screwed up at Indianapolis," said Dupasquier. "But we are not open to negotiation. We have made a statement and that is it."

Mosley told a press conference after the FIA World Motor Sport Council meeting on Wednesday: "Michelin caused the problem 100 percent and took a deliberate risk and should pay all of the foreseeable costs that arise from this.

"I have a feeling that if they get out of this for less than $50 million, they will have done well."

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