The three teams who were ready to boycott Sunday’s United States Grand Prix, Force India, Sauber and Lotus, announced that they would take part just 90 minutes before the start of the race.
But the crisis has only been averted for now and is likely to return before the next race in Brazil unless there are significant developments.
Bob Fernley, the deputy team principal of Force India, said: “It’s been acknowledged that there is an issue. The question is can that issue be resolved. But the fact that it’s been acknowledged is enough for the moment to be able to progress.”
But given the determination of Fernley and other members of the smaller teams to determine a clear strategy for the future of the sport the financial crisis that has seized Formula One, with both Caterham and Marussia going into administration in the past ten days, has merely been postponed.