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FIA to look at F1 spending

NEWS STORY
15/06/2012

At a meeting of the World Motor Sport Council in Paris today a number of decisions were taken in respect of various disciplines of motorsport.

Days after Ferrari President Luca di Montezemolo called on the sport to take heed of the global economic crisis and curb spending, the WMSC has agreed that the FIA will have active discussions with teams regarding cost control and any amendments to the technical regulations resulting from a further limit on expenditure on the chassis will be submitted to the WMSC via a fax vote before 30 June. The intention is to help all teams participate in the championship in a fair and equal manner.

Indeed, the WMSC also reiterated its intention to make motor sport more affordable in all categories.

It also confirmed that constructive Concorde Agreement discussions are on-going between the FIA and the Commercial Rights Holder, with the intention of finalising an agreement in the coming weeks. It was also decided that the deadline for the closing of entries be deferred to 30 September.

The FIA Women in Motor Sport Commission, which hosted its first National Coordinators Seminar on in Paris this week, brought together 40 of the 47 National Coordinators currently representing their ASNs around the world, together with key people in motor sport, and provided the opportunity to discuss issues that affect women in motor sport – both at national and international level – with a view to putting in place strategies and recommendations for the future that will promote and encourage more women in motor sport.

The Commission also announced its first ambassadors who represent excellence in different segments of the motor sport world, announcing Michele Mouton (Honorary), Monisha Kaltenborn, Katherine Legge, Maria de Villota and Susie Wolff as its first global Ambassadors.

Finally, following the granting of provisional recognition by the International Olympic Committee, the WMSC agreed the composition, objectives and structure of a Drivers' Commission. In addition to a President and Vice President, drivers and co-drivers from across all disciplines of motor sport will be represented in this 10-member Commission to be proposed by the ASNs. Draft modifications to the FIA Statutes will be submitted to the WMSC in September with a view to being ratified at the next General Assembly.

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