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Motorsport Week

Todt: ‘It’s only fair to charge the rich more’

14 years ago
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FIA president Jean Todt believes it is only fair to charge the richer teams and drivers more to compete in Formula One.

His comments come as the FIA looks to increase its income by increasing the entry fee it charges the teams and the cost of a driver’s super license.

Next season Red Bull can expect to pay around £2.7 million ($4.35m), as the new system is based on how many points it scores in the previous year. This compares to the flat entrance fee of £245,000 ($309,000) it paid at the end of 2011 for this year.

Meanwhile any team which fails to score, will be charged just £310,000 ($500,000), which Todt believes is only fair.

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“The biggest teams with the biggest revenues will pay more,” he told Autosport. “I feel in any democratic country you are paying your taxes depending on your income.

“Then with the drivers [super licence] – it is same concept. A fixed base [£6,250, $10,000] and then $1000 (£625) for each point.

“Is it quite high? I am very happy for the drivers because they deserve it, but if you get $20-$30 million you can afford to pay a super licence of $250,000. And if you don’t get money you will pay $10,000.”

He described the increases as necessary to ensure the governing body can continue to operate and fund road safety initiatives across the world.

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