FOM Chief Bernie Ecclestone is confident that there will not be a breakaway series despite renewed threats between FOTA and the FIA after a scheduled meeting between the thirteen teams set for the 2010 Championship went awry on Wednesday afternoon.

Rumour in the Nurburgring paddock says that Bernie has been given an ultimatum by the teams that he has until this weekend to go along with the proposed new championship, unless of course something is sorted with the FIA. It only makes sense that FOTA will need to act quickly if they intend to have a new championship ready to race by next year.

However, Ecclestone is confident that it won’t come to that and that the situation hasn’t even been thoroughly though through....

“There are probably a couple of people in all the teams who would like to see it happen,” he said in the Times. “But, no, I don’t think it will happen. I think people realise that the Formula One World Championship has been going for 60 years, it is well established, we’ve got the best circuits in the world and I don’t think they’ve even thought through really how there could be a breakaway. And if there is, what would our company do?”