Oh to be a Formula One boss! If I ever have to have a crisis meeting, it's usually in a boring office or a draughty community hall. Today, though, the setting for the Formula One Teams Association could barely be more opulent - Flavio Briatore's yacht moored just off the glittering principality of Monaco. What I wouldn't give to be a fly on that particular wall as they try to find a way to the crisis threatening to ruin F1 for good.
Obviously it would be good if they could all stick together - safety and credibility in numbers and all that. Christian Horner, team principal of Red Bull, which has threatened to quit along with its sister Toro Rosso, said yesterday during practice that the situation was a mess, F1 needed Ferrari and he wanted to compete against them next year.
What I think must come out of this is a new way of governing Formula One - Max Mosley's time is up. He clearly no longer commands the confidence of approaching half the teams in the sport. His take it or leave it approach to managing change just won't wash with many of the sports' fans, either. It's time to get more democracy into the way the sport is run and to find some compromise on the budget cap.
News from Monaco is awaited with interest............