Mosley slams Ferrari claim

FORMULA ONE: FIA president Max Mosley has hit back at Ferrari&rsquo;s claims that F1 will be the poorer for new teams who want to come on board.<br /><br />Ferrari, and Renault boss Flavio Briatore, claimed any new teams would lower the standard of the sport, with the Italian team suggesting it would be more appropriate to call it &ldquo;Formula GP3&rdquo;.<br /><br />But Mosley said: &ldquo;If you stopped those new entrepreneurs coming in, Formula One will die. You can't have just a lot of old men running it.&rdquo;