Ferrari team chief Stefano Domenicali has insisted that the FOTA teams' decision to lodge entri🅘es for the 2010 Formula One season - albeit conditionally - isn't an indication that they are prepared to accept the FIA's budget cap plans.

The nine remaining teams on the grid joined Willi🍒ams in lodging entries with the governing bo🎉dy ahead of the Friday deadline, but with a number of conditions attached.

Those conditions include the signing of a new Concorde Agreement byౠ 12 June and a set of regulations based on the current 2009 rules being used.

As a result, Domenicali insisted that the decision to sign up wa🅘sn'💖t an indication of acceptance of the budget cap, with the teams confident that their own cost-cutting measures would be enough.

"𓂃Absolutely not," he replied when asked if ꧒the teams may eventually accept the cap. "The request to make the 2009 regulations the starting point, means there will be no budget cap.

"[Cost cutting] should be done by implementing a self-regulating procedure within FOTA, so that the body itself🐓 and the teams carry out the monitoring. We know exactly what must be done and we can do it on our own, as can be seen from what has been a🧜chieved so far. In fact, this is exactly what has been happening for years as regards testing, where it is the teams that have reached an agreement among themselves to manage the situation and it works well.

"The FIA wants to significantly reduce costs with two objectives: to stop any more existing teams from quitting♒ the sport and to allow for the eventual entry of new teams. Both these targets can be met: costs will be considerably reduced and, at the same time, there will be considerable efforts made by the current competitors in Formula 1 to stay in the sport."

Domenicali aౠdded that the conditional nature of the current entries left no room for manoeuvre, and that the entries from th🤡e nine teams - Williams aside - would be invalid if the conditions laid down weren't meant.

"It's very simple," he said. "The nine teams - Williams membership having been suspended - that currently make up F༒OTA, have put in entries for the 2010 champion▨ship that will only be valid if the Concorde Agreement is signed and if the regulations will be those currently in use, but modified as per FOTA's suggestions.

"The action taken yesterday is cꦰompletely in keeping with Ferrari's principles, as stated at the Main Board meeting on 12 May and with those of FOTA."

The F⛄errari chief also pointed out that if the compromise is reached, it shouldn't be regarded as a victory for the teams over the FIA.

"If this happens, and I really hope it does, I would prefer to say that Formula 1 is the winner," he said. "It will have kept its main characteristics of technological and sporting competition, it will have been assured of stability in the regulations and the long term commitmen♍t of the participants. This is what FOTA has always wanted: to work alongside the FIA and the Commercial𓆏 Rights Holder for a healthy and prosperous Formula 1."