Updated: 14/09/2012 18:22 | By pa.press.net

Todt calls for cut to F1 spending



Jean Todt believes F1 costs need to be drastically cut in the next few years

Jean Todt believes F1 costs need to be drastically cut in the next few years

FIA president Jean Todt fears Formula One will be "unsustainable" if costs are not cut by 30% over the next three years.

Todt is merely echoing comments made by former president Max Mosley back in 2009 after a trio of major manufacturers - Honda, Toyota and BMW - had exited the sport. F1 teams have so far been unable to reach a compromise on spending limits in a new resource restriction agreement, with Red Bull coming out publicly against it.

Todt said on Saturday: "Formula One is too expensive. It's up to the teams to work with our people and the commercial rights holder (Bernie Ecclestone). We need to agree what to do, otherwise it will be unsustainable."

Red Bull team principal Christian Horner stated in Belgium last weekend that he did not want the sport run by accountants. But Todt can foresee if costs are not cut then it could sound the death knell for the smaller teams, particularly with new engine regulations due to come into force from 2014.

Todt claims that since 2005 there has been a 30% cut in costs, but in another interview in Italian sports newspaper Gazzetta dello Sport this week he said they needed to be "lowered by a further 30% in the next three years, or we will lose several teams".

On Saturday, Todt added: "We must reduce the costs in order to keep everybody on board. I prefer to present it like that.

"It's everybody's responsibility. We all need to share it, but I have never heard somebody saying we are against reducing costs.

"I'm sure if we make sensible proposals then everybody will be happy with that."

Asked whether the FIA would spearhead proposals rather than just pay lip service to issues, Todt said: "The FIA is the regulator and legislator of the sport.

"My job as president of the FIA is to make sure things happen, and as long as I am president of the FIA, they will."

4Comments
10/09/2012 16:05
avatar
Whats up jean todt FERRARI RUNNING OUT OF MONEY
11/09/2012 20:41
avatar
F1, is the premiership of motorsport,if your not committed and you can,t afford it,then stay out,Honda,Toyota and BMW were not fully committed  because they failed to see the commercial value,F1 has no place for grey jobsworth accountants,if you were to change anything then it should be that you have a second tier a second divison ,if you like of F1, in which team cars and respective drivers go up or down each season would depend on points scored,the drivers should also be on longer contracts and subject to transfer like the system used in premiership football that would retain value within the respective teams causing even greater stability
Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?
10 reasons to make MSN UK your homepage (© Microsoft)

latest f1 news

  • Lewis Hamilton holds his champion trophy during the prize presentation on the podium after the Chinese Formula One Grand Prix  AP

    Lewis Hamilton chalked up three successive victories for the first time in his Formula One career with a lights-to-flag cruise in China.

  • Ron Dennis and his McLaren team are contemplating legal action against Formula One rivals Red Bull

    McLaren boss Ron Dennis is planning High Court action against rivals Red Bull over a member of their technical staff who recently moved back to the Austrian team.

  • Red Bull did not behave fraudulently in Australia

    Red Bull avoided further punishment from the FIA this week upon the basis they did not act fraudulently during the Australian Grand Prix from which Daniel Ricciardo was disqualified.

  • Lewis Hamilton, centre, beat both Red Bull drivers to pole  AP

    Mercedes motorsport boss Toto Wolff hailed Lewis Hamilton as "mega" and "in a league of his own" on the day he made British Formula One history.

  • Lewis Hamilton has predicted a close race in Sunday's Chinese Grand Prix

    Lewis Hamilton is steeling himself for more of a fight from his title rivals this weekend as he bids to win three grands prix in a row for the first time in his Formula One career.

  • FIA president Jean Todt will hold fresh talks with Formula One teams over cost controls at the start of May

    Formula One faces May Day crunch talks in a bid to avert potential civil war and the demise of a number of the smaller teams.

  • Toto Wolff feels all the ingredients at Mercedes have now come together

    Nico Rosberg has confirmed holding clear-the-air talks with Mercedes team-mate Lewis Hamilton to ensure they know where to draw future battle lines.

  • Lewis Hamilton is currently second in the standings

    Lewis Hamilton is hoping his recent victory in Bahrain has delivered a psychological blow to Mercedes team-mate Nico Rosberg as they scrap over this year's Formula One world title.

  • Luca di Montezemolo is not alone in his condemnation of the new-look Formula 1

    Ferrari president Luca Di Montezemolo has found a new ally in his war on the current state of Formula One.

  • Stefano Domenicali has stepped down from his role as team principal of Ferrari

    Stefano Domenicali said it was time for a "significant change" as he announced his resignation as team principal of Ferrari.

  • Jenson Button is hoping for warm weather during Sunday's Chinese Grand Prix

    Jenson Button is praying the sun shines over Shanghai on Sunday if he is to salvage something from his Chinese Grand Prix weekend.

  • Fernando Alonso believes a podium may be out of reach in the Chinese Grand Prix

    A cautious Fernando Alonso has warned Ferrari fans not to expect him to be fighting for a top-three finish in Sunday's Chinese Grand Prix.

  • Max Chilton fears claiming a point has now become a tough ask

    Max Chilton fears Marussia's best chance of finally breaking their points duck has disappeared for this season.

  • Ferrari president Luca Di Montezemolo appointed Marco Mattiacci as team principal following a disappointing start to the season

    Marco Mattiacci has vowed to win over the sceptics following his appointment as Ferrari's new team principal this week.

  • Daniel Ricciardo's joy in Melbourne was short-lived

    Daniel Ricciardo has already moved on from the bitter disappointment of this week's appeal loss that denied him the best result of his Formula One career.