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Todt: Not acceptable that six or seven F1 teams struggling to survive
FIA President Jean Todt has blasted the current financial climate in Formula 1 by stating its unacceptable to see the majority of teams “struggling to survive” and is eager to usher in positive change. Todt, a former Ferrari chief, is keen to see a strong working relationship between the FIA and new F1 owners Liberty Media as the two bodies look to tackle the major issues confronting the sport including the current financial structure. Todt warns “six or seven teams are struggling in Formula 1” and has urged the financial order to be addressed to support all teams and keep the existing 10 F1 contenders on the gird for the foreseeable future. “At the moment I am sure it's about...
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