Committee to use proceeds of the McLaren fineThe World Motor Sport Council met in Paris today and appointed the Management Committee for the Motor Sport Safety Development Fund, the body which will distribute the $60 million from the McLaren-Mercedes fine, for the benefit
of motor sport worldwide.
The Committee will control the Fund under the administration of the FIA Foundation.
The appointed members to the Committee are Max Mosley and
Michael Schumacher (both FIA Foundation Trustees), Nick Craw, President of the Automobile Competition Committee for the United States (representing National Sporting Associations), Jean Todt and Norbert Haug (from Ferrari and Mercedes as the manufacturers involved in the incident that gave rise to the original fine).
The intention is to disperse the Fund over the next five years and to concentrate activities on a Young Driver Safety Scholarship Programme, an Officials Skills Safety Training Programme and a Facility Safety Improvement Consultancy Programme.
Source: FIA
