{"id":21906,"date":"2014-05-13T06:49:08","date_gmt":"2014-05-13T10:49:08","guid":{"rendered":"https:\/\/www.racinginfocus.com\/?p=21906"},"modified":"2014-05-13T06:49:08","modified_gmt":"2014-05-13T10:49:08","slug":"teams-cost-saving-proposals-ridiculous-todt","status":"publish","type":"post","link":"https:\/\/www.racinginfocus.com\/rif\/formula-1\/teams-cost-saving-proposals-ridiculous-todt\/","title":{"rendered":"Teams&#8217; cost saving proposals &#8216;ridiculous&#8217; &#8211; Todt"},"content":{"rendered":"<p>Jean Todt has slammed as &#8220;a joke&#8221; the initial cost-saving proposals put forward by formula one teams.<\/p>\n<p><img loading=\"lazy\" class=\"ngg-singlepic ngg-left alignleft\" src=\"https:\/\/www.racinginfocus.com\/rif\/gallery\/f1-2014-rif-images\/f1-2014-persons\/Jean-Todt-2.jpg\" alt=\"Jean-Todt-2\" width=\"430\" height=\"286\" \/>The powerful &#8216;Strategy Group&#8217; teams vetoed the FIA president&#8217;s plans for mandatory budget caps beginning next year, instead arguing that costs can be alternatively reduced through the sporting and technical regulations.<\/p>\n<p>Todt, however, said whilst attending the weekend&#8217;s Spanish grand prix that the teams&#8217; initial proposals were &#8220;ridiculous&#8221;.<\/p>\n<p>&#8220;We know they have budgets of between 100 and 400 million and the proposal they seem happy with is to reduce by two million,&#8221; he said.<\/p>\n<p>&#8220;What was proposed was a joke.&#8221;<\/p>\n<p>Todt said his aim is to see teams&#8217; annual spend reduced in the order of 30 to 40 per cent.<\/p>\n<p>&#8220;We will meet all of the people again.\u00a0 Hopefully they are sensible people and they come up with some sensible suggestions,&#8221; he added.<\/p>\n<p>\u00a9 RIF | GMM<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jean Todt has slammed as &#8220;a joke&#8221; the initial cost-saving proposals put forward by formula one teams. The powerful &#8216;Strategy Group&#8217; teams vetoed the FIA president&#8217;s plans for mandatory budget caps beginning next year, instead arguing that costs can be alternatively reduced through the sporting and technical regulations. Todt, however, said whilst attending the weekend&#8217;s &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0},"categories":[3],"tags":[5262,4689,5300,5340,284],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/21906"}],"collection":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/comments?post=21906"}],"version-history":[{"count":1,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/21906\/revisions"}],"predecessor-version":[{"id":21907,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/21906\/revisions\/21907"}],"wp:attachment":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/media?parent=21906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/categories?post=21906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/tags?post=21906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}