Formula One commercial rights holder Bernie Ecclestone remains confident the future of the sport will be resolved.

Governing body the FIA yesterday issued legal proceedings against Ferrari, McLaren, Renault, BMW Sauber, Toyota, Brawn GP, Red Bull Racing and Toro Rosso following their announcement they are to start a breakaway series.

The two sides appear to be at an impasse but Ecclestone claims common sense will prevail.

"I'm sure we'll find a way," he told BBC1. "At the moment we have the federation, people like us and the teams. That is how it should stay.

"Everyone should stay in their own position, doing what they should be doing.

"In the end people will have enough sense not to bust this business up for what? Basically nothing."