Start your own series, Mosley tells FOTA

Nine of the sport's current competitors submitted their entries to next year's championship on the condition that a new Concorde Agreement was signed by June 12 and that next year's cost-cutting rule changes are abandoned in favour of their preferred regulations.

However, speaking to Swiss publication Motorsport Aktuell, Mosley has made it clear that it is unlikely a Concorde Agreement can be put together in such a short time frame - and he has suggested the rebel teams go off and set up their own championship if they are unhappy.

"A Concorde Agreement which one receives so late can't be signed by June 12," Mosley was quoted as saying.

"We now have a conflict and we will see who succeeds in the end. I say to them: If you want to draw up your own rules, then you can organise your own championship. But we have the Formula 1 championship.

"We draw up the rules for that. We have been doing that for 60 years and we will continue doing so."

With a whole host of new teams having submitted entries to next year's championship, there are no shortage of competitors who can fill the grid if current teams do not wish to compete.

Ferrari team principal Stefano Domenicali said last week that if the conditions laid down by FOTA's nine members were not accepted, then their entries would be invalid.