Sep.18 (GMM) After twenty four hours of uncertainty, McLaren has finally withdrawn its scheduled appeal against the stewards penalty dating back to the Hungarian grand prix.

The FIA's International Court of Appeal, which was making preparations for the Paris hearing on Wednesday, announced in a statement on Tuesday that Woking based McLaren "notified (the Court) this morning that they wish to withdraw" he appeal.

Boss Ron Dennis in Spa-Francorchamps suggested that he wanted "closure" on the various controversies that have dogged the Mercedes-powered team in 2007, after McLaren was kicked out of the constructors' world championship and fined $100m for espionage.

Before the affair reached its crescendo last Thursday, McLaren was docked its 15 constructors' championship points in Budapest, following Fernando Alonso's pit stop obstruction manoeuvre against teammate Lewis Hamilton in qualifying.

But even though the Woking based outfit was subsequently kicked out of the constructors' title, going ahead with the Hungary appeal may not have been futile.

Even if McLaren does not appeal its championship exclusion, the points docked in Hungary might be crucial for the team in offsetting the $100m fine.

The World Motor Sport Council clarified in its verdict last Thursday that the record fine would be "less the FOM income lost as a result of the points deduction".

Formula One Management income is calculated each year based on a team's finishing position in the constructors' championship standings.