Teams' cost saving proposals 'ridiculous' - Todt

856 views

Todt says proposals are a 'joke'

Jean Todt has slammed as "a joke" the initial cost-saving proposals put forward by Formula One teams.

The powerful 'Strategy Group' teams vetoed the FIA president's plans for mandatory budget caps beginning next year, instead arguing that costs can be alternatively reduced through the sporting and technical regulations.

Todt, however, said whilst attending the weekend's Spanish Grand Prix that the teams' initial proposals were "ridiculous".

"We know they have budgets of between 100 and 400 million and the proposal they seem happy with is to reduce by two million," he said.

"What was proposed was a joke."

Todt said his aim is to see teams' annual spend reduced in the order of 30 to 40 per cent.

"We will meet all of the people again. Hopefully they are sensible people and they come up with some sensible suggestions," he added.

GMM

Write a comment
Show comments
About this article
Series F1
Article type Breaking news
Tags bernie ecclestone, cost cutting, cost saving, f1, fia, formula one budget, gmm, jean todt, spanish grand prix

User photos

EuroRacer
F1

EuroRacer

21 photos
SurdinP
F1

SurdinP

1 photos
max
F1

max

29 photos
ADLITIKA
F1

ADLITIKA

213 photos
Kevin_Bennett_Photo
F1

Kevin_Bennett_Photo

139 photos
PiBiPhoto
F1

PiBiPhoto

47 photos
koutnas
F1

koutnas

16 photos
Upload photo