The race is on, and the controversy has already ramped up ahead of the first race of the season,

with seven teams issuing a pointed statement, demanding answers on the FAA's settlement with Ferrari following investigations into its engine.

But what exactly do the non-Farri teams want, and what are they likely to get out of the response,

which, crucially, doesn't rule out possible legal action? I'm Ed Straw, and joining me to clear

up a situation that's as clear as mud in this episode of The Race F1 Podcast Extra is Glenn Freeman.

Well, before we bring you in, Glenn, let's get the facts on the table.

This all relates to the FAA's press release, issued 12 minutes before the end of pre-season testing last Friday,

referring to a confidential settlement with Ferrari following technical investigations into its engine.

This latest statement, issued jointly

by Mercedes, Red Bull, McLaren, Renault-Alfertari Racing Point and Williams, reads as follows.

We, the undersigned teams, were surprised and shocked by the FAA statement of Friday 28 February

regarding the conclusion of its investigation into the

Skidorea Ferrari Formula One power unit. An international sporting regulator has the responsibility

to act with the highest standards of governance, integrity and transparency. After months of

investigations that were undertaken by the FAA only following queries raised by other teams,

we strongly object to the FAA reaching a confidential settlement agreement with Ferrari to conclude

this matter. Therefore, we hereby state publicly our shared commitment to pursue full and proper

disclosure in this matter, to ensure that our sport treats all competitors fairly and equally.

We do so on behalf of the fans, the participants and the stakeholders of Formula One.

In addition, we reserve our rights to seek legal redress within the FAA's due process and before

the competent courts. And that is signed by all seven of those teams.

So, Glenn, this is a big deal, isn't it?

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