Just days after a deal was reportedly reached between the eight teams that had threatened to ditch Formula 1, FIA and Max Mosley, the soap opera which is what F1 has now become has entered a new episode altogether, when Mosley demanded an apology at a news conference on June 25

Mosley attacked the association of Formula 1 teams, Fota, and Ferrari president Luca di Montezemolo accusing them of disseminating untrue information to the media, immediately after the hatchet was buried on June 24.

"At least until October, I am president of the FIA with the full authority of that office," he said as quoted by the BBC. "After that it is the FIA member clubs, not you or Fota, who will decide on the future leadership of the FIA."

"If you wish the agreement we made to have any chance of survival, you must rectify your actions," Mosley said in a letter, quoted by the BBC.

In a stance of retaliation, possibly a show of pride or just plain and simple image conservation, what Mosley apparently had agreed to – a vital factor which assured the peace deal in the first place – was him promising not to run for re-election come October, which no longer looks certain.

Infuriated that Fota had allegedly depicted him as a "dictator" and "forced out of office", he has now turned 180 degrees saying no one forced him out of anything and that he might actually consider staying.

This is the latest development of the "voluntary" budgetary cap fiasco, which prompted eight teams – Ferrari, McLaren, BMW Sauber, Renault, Toyota, Red Bull, Toro Rosso and Brawn GP – to threaten that they would ditch Formula One and set up their own league come next season.