Jean Todt: “What we are going to present is going in the right direction”

At a time when the economic crisis is hitting hard alongside the coronavirus pandemic, most championships are working hard to find solutions to perpetuate their respective disciplines.

If the cost control announcements do not date from the last few weeks in F1, the current situation has pushed the governing bodies to accelerate the process, lowering the budget ceiling from 175 million dollars (161 million euros) to 145 million dollars (134 million euros) starting next season.

A first step in an important plan for F1 according to FIA President Jean Todt. « What we are going to present for the future is going in the right direction, underlines the former boss of Peugeot Sport and Team Ferrari on Sky Sports.

Obviously, we are going through an unprecedented economic situation and this is why it is possible to take a direction that we would not have taken.

I really hope that everyone can stay on board and in that sense, the new world regulations aim to give all competitors as many chances to stay in the sport in the future.

This will be the post-Covid-19 situation, where it will have caused damage to manufacturers, competitors, private teams, sports federations, sponsors and media.

So we'll have to see how we can all work together to be as supportive of each other as possible. This will be the next step. »

The boss of the FIA ​​recently admitted in the latest issue of AUTO that it would undoubtedly be necessary to adopt a “New Deal” type approach facing the situation resulting from the crisis.