Ward calls for Todt to publish manifesto
27 September 2013 – FIA Presidential candidate David Ward has congratulated Jean Todt for securing a new Concorde Agreement for Formula 1, but has called for the Frenchman to release details of how he plans to use the funds generated by the new deal.
The governing body confirmed the implementation of the treaty on Friday morning, stating that it would lead to a ‘significant’ increase in FIA funds. With Todt yet to release his election manifesto, Ward wants further clarity as to how the current incumbent intends to use the money.
In a statement, Ward said: "The final conclusion of the negotiations over the Concorde Agreement is a very positive development for the FIA. 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’," he continued. "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."