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Ward calls for Todt clarity on Concorde resources
FIA presidential candidate David Ward has called for Jean Todt to explain how the FIA will use the extra funds generated by a new Concorde Agreement.
The FIA announced on Friday that a new agreement had been signed by both the governing body and Formula One Management. With the FIA set to benefit from "significantly improved financial means", Ward has congratulated Todt but says there is no clarity on where those funds will be utilised.
"The final conclusion of the negotiations over the Concorde Agreement is a very positive development for the FIA," Ward said in a statement. "This is a solid achievement by Jean Todt and I congratulate him for it. The question now is what will the new resources from Concorde be used for? The answer should be for investment in 'grass roots' development of motor sport.
"In my manifesto I have proposed to 'use all the revenue in excess of regulatory costs of the F1 Championship for investment in motor sport safety, sustainability, solidarity funding of ASN development programmes, and for training of officials and volunteers'.
"Jean Todt has yet to publish a manifesto or explain how he will use the new funds now available to the FIA. Sooner rather than later this should be made clear to the FIA membership."