Mosley: Not Enough Teams for Breakaway

With Ferrari, Jordan and Red Bull Racing already having signed up to F1 - and up to three other teams believed to be on the verge of committing - Mosley believes there are no longer enough teams to make a rival series a success.

"It would involve a huge financial input  - I can't see where that would come from," he said. "We have a significant number of teams already committed or on the verge of committing; I think it's unlikely that there will be a sufficient number of competitors to make it work.

"When you look at an event like the Olympics for example, there are many athletic meetings around the world involving a similar kind of activity but there is only one  true Olympic Games. The same applies for Formula One. So in a nutshell, I don't think it will happen."

Formula One's manufacturer teams have threatened the breakaway because they are unhappy about several aspects of the way the sport is currently run.