Decision makers from the major European car manufacturers in F1 met at the San Marino Grand Prix on Saturday to discuss progress in the stand-off.

DaimlerChrysler, Fiat, BMW, Renault and Ford have threatened to break away from the current championship in 2008 because they want to be more involved in the running of the sport.

Their GPWC group revealed after its Imola meeting that it had been approached by banks to see if it was interested in buying the 75% shareholding that Kirch has in F1 holding company Slec.

However, it also said there were contacts with 23 circuits and promoters and that GPWC's board would this summer give a detailed contractual and economic proposal to the F1 teams.

But Mosley said that the Kirch collapse was likely to facilitate a resolution of the situation, as predicted by BBC Sport Online this week.

"I think that it's more likely rather than less likely that a deal will come to pass because instead of negotiating with a media magnate, they will now be negotiating with the banks," he said.

But Mosley also said that he thought that talk of a breakaway series was damaging F1 because leading players need to negotiate a new document to run F1.

The Concorde Agreement, the secret covenant by which F1 is governed, runs out at the end of 2007.

Mosley said: "I think that everyone, especially the manufacturers, realise that discussion about two championships is beginning to have a negative effect.

"That is because we are getting to within five years of the end of the current Concorde Agreement and a lot of the sponsorship contracts in F1 are of three to five years duration. So it is bound to be a concern."

The manufacturers have said they have four basic requirements for any championship they are involved in after 2007.