Formula 1 News

Not normal that half of the drivers need to pay - Jean Todt

The cost cutting objective still part of the FIA-F1 agenda.
Wednesday, April 10, 2013

April 10th (F1plus).- Less than a month ago, the FIA's low-profile president Jean Todt seemed to race away from the issue of cost cutting in formula one.

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Many teams on the grid are pleading for the governing body to intervene, citing the unenforceability of the gentleman's 'resource restriction agreement' and arguing that the measures should go further.

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"It's not something we all have to agree together," Todt said last month.

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"We are the regulator. If they don't want to reduce costs, that's it. It's not our responsibility to do things that teams do not want."

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On this score, Todt - once the boss of the F1 superpower Ferrari - is apparently backed by the sport's modern big-hitter Red Bull, whose Christian Horner said this week that he would like to see even the current resource agreement torn up.

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But Todt insisted: "I have never heard anyone say they are against a reduction in the costs.

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"I'm sure that if we make reasonable suggestions, everyone can be happy," the Frenchman is quoted by the German-language Spox.

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"We do need to reduce costs in order to keep everyone on board," Todt continued.

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"It is important to find a compromise; the FIA has to come to an agreement with the owners of the commercial rights, and the teams."

Todt spoke of a 30 per cent overall cost reduction as being a reasonable target, expressing alarm at the growing rate of so-called 'pay drivers' on the grid.

"It is not normal that half of the drivers need to pay," he said.

"Formula one is the pinnacle of motor sport and so I think it's not right that drivers need to raise so much money just so they can be there."

(GMM)

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