The FIA has revealed that it, Flavio Briatore and Pat Symonds have reached an agreement which will see them unable to enter any sport governed by the body until 2012, and 2013 for F1.
In a press release on Monday, the FIA stated that both parties involved in the ‘crash-gate’ saga in Singapore, which saw Nelson Piquet crash on purpose to affect the race outcome, have both apologised and reached an agreement which allows them to participate in F1 from 2013 onwards.
The deal sees Briatore who was handed a lifetime ban, which was then overturned, and Symonds, who took a five-year ban, both drop their respective legal proceedings against the FIA, as well as the FIA dropping it’s case against them.
“After discussions between their lawyers and those of the FIA, Mr Flavio Briatore and Mr Pat Symonds have each made a settlement offer to the FIA President with a view to putting an immediate end to the legal proceedings.
“Each of them recognising his share of responsibility for the deliberate crash involving the driver Nelson Piquet Junior at the 2008 Grand Prix of Singapore, as “Team Principal” of Renault F1 where Mr Flavio Briatore is concerned, they have expressed their regrets and presented their apologies to the FIA.
“They have undertaken to abstain from having any operational role in Formula One until 31 December 2012, as well as in all the other competitions registered on the FIA calendars until the end of the 2011 sporting season.”