“There is the risk of losing teams, constructors. You have to be responsible and implement more acceptable and accepted solutions.”
The Canadian Grand Prix, which was set for June 14, was the most recent F1 race to be scratched from the 22-event schedule.
Even earlier than the Montreal occasion was binned, McLaren boss Zak Brown stated Formula One was in a “very fragile state”.
He warned that as many as 4 groups may go to the wall, disadvantaged of the huge TV and sponsorship revenues which preserve them afloat.
New technical rules, deliberate for 2021, have already been pushed again to 2022.
Brown stated final week that each one groups have agreed to decrease the wage cap from $175 million to $150 million.
He needs it decreased additional.
However, Todt cautioned: “Everything is not included in this ceiling. We are working on it.”
With over a 3rd of the races deliberate for the F1 season already shelved, Todt insists it is not the suitable time to speak of a diminished championship.
“I don’t know if we can say that. What is it worth in the current context? 2020 will remain a black year that we never thought we’d live through and I hope we will not have to live again.
“We can take inventory on the finish of the yr however it’s too early at this time.”
The Australian Grand Prix was the first event of the 2020 season to be cancelled despite teams having travelled to Melbourne for the March 15 opener.
Todt defended the decision to make the trip despite it being a PR disaster.
“People say we should not have gone. To me, that is not true. There was no purpose to not go to Australia.
“However, when we were there, things accelerated so quickly that we decided not to run the race.
“The identical weekend, we despatched the French to vote (within the first spherical of the municipal elections).
“There was no reason not to send them, and afterwards they say we shouldn’t have. It’s so easy.
“Talk is affordable. I believe we have now to attempt to be a bit of extra humble to higher perceive issues.”