FIA president Jean Todt to investigate teams' collapse

Nov 01, 2014, 06:59 IST | PA Sport

Austin: FIA president Jean Todt is to review the shock financial downfall of Marussia and Caterham over the past week that has rocked Formula One.

Todt has again called on F1 to get its house in order in the wake of the two marques being forced to enter administration.

Serious questions are being asked as to how a sport that generates a staggering £1billion in annual revenues can allow two teams to go to the wall.

Ahead of this weekend's Grand Prix in the United States, with Marussia and Caterham given dispensation to miss the event, the stewards were obligated to review the circumstances behind their withdrawal.

Appreciably, given the situation the FIA commented that "in view of the current financial circumstances, the stewards decide not to impose any penalty".

The stewards for next weekend's race in Brazil will be faced with the same situation and with the same outcome certain.

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