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)
What teams proposed to cut costs was a joke - Todt
- Published on 13 May 2014 12:12
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- By: Rob Veenstra
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Formula 1 Calendar - 2026
Date
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Spain
Circuit de Catalunya
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Bahrain
Bahrain International Circuit
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Bahrain
Bahrain International Circuit
6 - Mar 8
Australia
Albert Park
13 - Mar 15
27 - Mar 29
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1 - May 3
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Gilles Villeneuve
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Red Bull Ring
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Silverstone
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Spa-Francorchamps
24 - Jul 26
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Hungaroring
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Circuit Zandvoort
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