The proposal to install a 5 million euro cap on the price of customer engine deals has been agreed to begin in 2011, Luca di Montezemolo has clarified.

It had been reported that the measure, believed to be designed to stave off the FIA's threat about standard engines, would begin in 2010.

The issue was voted upon by the F1 teams' alliance FOTA, of which Ferrari president Montezemolo is chairman, last week.

"We unanimously decided that by 2011 an engine will cost 5 million (euros), compared to the more than 20m they used to cost," he said.

At the end-of-season Ferrari World Finals event at Mugello, Montezemolo also revealed that he destroyed his television as Lewis Hamilton clinched the 2008 championship from Ferrari's Felipe Massa earlier this month.

"Luckily we had another television so I was able to watch the podium ceremony, which I enjoyed," the Italian said.

Source: GMM