The president of the International Automobile Federation (FIA), Jean Todt, will have to decide how additional income will be spent. (Photo: Getty Images)
The FIA’s confirmation that the new Concorde Agreement will bring in extra funds has put a focus on how that money will be used by the governing body – and Jean Todt has now agreed to set up a ‘task force’ to that end.
A statement today underlined that the FIA will get more money from the new Concorde Agreement. “This agreement provides the FIA with significantly improved financial means to pursue its regulatory missions and to reflect the enhanced role undertaken by the FIA in the Motor Sport.”
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Tags: David Ward, Formula 1, Jean Todt