McLaren and Renault Threaten to Pull Out of Melbourne Race

Britain's Times newspaper reported that Renault team boss Flavio Briatore and McLaren Chairman Ron Dennis threatened to organise a boycott of Sunday's race unless Formula 1 supremo Bernie Ecclestone paid up.

Ecclestone in return has reportedly threatened to cancel the charter plane taking the cars to Melbourne. A statement posted on the official Formula 1 website (www.formula1.com) by his Formula 1 Administration accused FOTA of making "inaccurate and misleading" comments. "Neither CVC nor FOA owes any amount to any team," it said.

McLaren team Principal Martin Whitmarsh said that while he had not been at the meeting, he believed Ecclestone's version of events to have been "relatively theatrical".

"There is a lot of tension in this climate about lots of teams being owed lots of money," he said. "I think that is a business between the teams and Bernie that needs to be resolved urgently."