Todt says Williams, Lotus and Sauber are struggling financially

Jean Todt

Jean Todt

FIA president Jean Todt has named Williams as one of three teams crying out for a Formula 1 budget cap.

Todt was asked by Welt am Sonntag newspaper about the highly controversial cap, opposed by many top teams as unworkable in practice.

But Todt claims: “They all want this limit and it must be in writing. Then it will be binding. The teams came to me and Bernie Ecclestone and implored us to finally introduce a budget limit.”

“Lotus has reportedly not paid [a] driver. I hear that Sauber and also Williams have problems. It can’t go on,” the Frenchman insisted.

“I am worried that we will lose teams. Many are crying out for help, and our job is to listen to these cries.

“Formula 1 is in intensive care and time is running out – by the end of June, a solution to this problem must be found,” said Todt. (GMM)

Subbed by AJN.

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  • Boycottthebull

    But he is wont give up the 100 mill he skims off the top regardless of whether it would save the teams or not.

  • keaaukeli

    How rich. Teams spend billions with the new formula and then complain about not having money. You can’t have it both ways.

  • Tamburello1994

    Each of these teams financial woes have been public knowledge for sometime so no surprise.

    What about Marussia and Caterham?

  • Vassyg16

    A: Is he just finding out about these teams’ money issues?

    B: The picture of him at the top nearly made me crack a rib laughing.

  • Hugo Lafreniere

    In other news, Mr. Todt, the sky is blue.
    The teams wouldn’t struggle as much if you hadn’t imposed those stupid V6 engines to begin with.
    And as if a cost cap can be enforced. Newsflash : it can’t.