Friday 4 July at 15:06 : The war between Bernie Ecclestone and Max Mosley is reportedly over, British newspapers on Friday said.

Dailies including The Times and The Daily Telegraph said the pair, recently at odds over the governance of the sport and the Mosley sex scandal, have agreed a truce.

"The bottom line is simple -- we have moved to patch up our differences," Ecclestone, F1's 77-year-old chief executive, confirmed.

Mosley's spokesman added: "It is a very interesting moment in the trajectory of this story."

Ecclestone said he backed Mosley letter to team bosses, distributed on the eve of the British grand prix weekend at Silverstone.

"I am happy that the FIA has taken the initiative to allow the teams to write the regulations," he said.

"They will be able to control their expenditure. What Max put in the letter is correct -- it's a little cranky that it takes 1000 people to put two cars on the grid," Ecclestone added.