The future of Formula One was thrown into fresh doubt on Thursday night when FIA President Max Mosley performed a dramatic U-turn and threatened to stand for re-election as president of world motor racing’s governing body, the Telegraph reports.

Mosley is furious about the press coverage that followed Wednesday’s landmark peace deal with eight rebel teams, which saw the 69 year-old promise not to seek re-election for a fifth term as FIA president and the Formula One Teams’ Association agree to back down over plans to form a breakaway series, the newspaper says.

In a letter to Ferrari and FOTA president Luca di Montezemolo, Mosley accuses FOTA of falsely briefing the press that he had been forced out of office, that FIA Senate president Michel Boeri had taken interim charge of Formula One, and that he had behaved like a “dictator”.

According to the report, Mosley said in the letter that if FOTA wanted the agreement to have “any chance of survival”, Montezemolo and FOTA must “rectify” their actions and apologize to Mosley. No apology was naturally forthcoming and FOTA instead called for a neutral successor to Mosley.

“I now consider my options open,” Mosley concluded. “At least until October, I am president of the FIA with the full authority of that office. After that it is the FIA member clubs, not you or FOTA, who will decide on the future leadership of the FIA.”

It certainly begins to seem that Max Mosley is insane, or at least certifiable. How doesn’t the old man understand that FIA need FOTA far, far more than FOTA need FIA? And obviously he doesn’t know anything about a gentlemen’s agreement.

And based on what could he even think he feels insulted? Everything that has been said about him has been the truth.

When you don’t distinguish reality from imagination any more, it’s definitely time to leave.

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