FIA President Fears F1 ‘will be unsustainable if costs are not cut’

By Community | September 10, 2012

Jean Todt, the FIA President has warned that F1 “will be unsustainable if costs are not cut” by 30% over the next three years, according to the Press Association.

Todt said: “Formula One is too expensive. It’s up to the teams to work with our people and the commercial rights holder [F1 boss Bernie Ecclestone]. We need to agree what to do, otherwise it will be unsustainable.”

Todt believes that 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 added: “We must reduce the costs in order to keep everybody on board. I prefer to present it like that.”