Oct.1 (GMM/Inautonews.com) Bernie Ecclestone insists a budget cap for formula one teams is “workable”.

That is despite the fact that when the idea was proposed by former FIA president a few years ago, the teams banded together and threatened to quit the sport.

But F1 chief executive Ecclestone has now told the Sunday Express newspaper that working to an imposed maximum budget is “the direction people are going in. It is workable”.