F1 costs now on my radar, says Todt

FIA president Jean Todt says bringing down costs, and ensuring revenue in Formula 1 is more fairly shared, are now key targets for him after helping push through a raft of changes last week to improve the spectacle.

Todt is understood to have taken a major role in ensuring that last week's F1 Strategy Group did push on with a number of rule changes – including a driver aid clampdown – aimed at increasing the spectacle of grand prix racing.

Now, the Frenchman has suggested that it is changes to the sport's finances that should take priority – both in terms of reducing budgets but also making sure smaller outfits earn more cash.

Speaking to media at the FIA Sports Conference taking place in Mexico City on Tuesday, Todt said: “We want to further improve Formula 1 for years to come and we want to reduce costs.

“That means improving the show and reducing the costs, to ensure the development of teams and participants in the category.”

Prize money tweak

Todt also dropped a hint that he would be in favour of discussions aimed to changing the way the sport's finances are distributed to teams.

There have been complaints that the sport is being hurt by the bigger teams carving up a majority of the income through pre-agreed bonuses.

Although the FIA is not allowed to get involved in commercial matters, Todt said he was not going to ignore the matter.

"We know that there has been an imbalance in the distribution,” he said. “It is an issue that we are working on.”

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About this article
Series Formula 1
Article type Breaking news
Tags fia, jean todt