Formula One faces a new reality amid the coronavirus crisis: Todt
PARIS: Formula One faces a new reality and must make deeper cost cuts to ensure that sport emerges intact from the coronavirus crisis, FIA President Jean todt said.
Nine Formula One Grand Prix races have been canceled or postponed since the start of the season in Melbourne last month and the next race scheduled is the French GP on June 28.
I am sure that many teams, suppliers, manufacturers may have to review their programs, said Todt Motoring Thursday.
They may be forced to stop.
I don't want to be very confident, but I hope some team owners or team sponsors stay motivated. This is why we must make sure we don't discourage them, because after all they can say it's okay, what's the purpose? I still like it? Do i still need it
Also speaking to French sports daily L'Equipe on Thursday, Todt said the FIA would not rush the resumption of the season.
We will not put anyone in danger to resume a championship, the Frenchman explained.
We will only resume when we have guarantees that the risk of contamination is zero.
Motoring 's philosophy will have to change, too, Todt added.
Tendremos que reiniciar desde cero y hacer las cosas de manera diferente, said.
Teams have agreed to lower the 2021 budget cap from $ 175 million to $ 150 million and L'Equipe reported that the FIA would be pushing to further lower it down to $ 125 or $ 100 million.
We will have to be determined because some are against the proposals that are essential for the survival of the sport, Todt said.