Todt spoke to L'Equipe this week and took aim at comments from current president Mohammed Ben Sulayem, who has repeatedly said he inherited a tricky financial deficit when he took over in 2021.
Speaking to the French newspaper about those remarks, Todt said: "Each year, the accounts have been largely profitable, except the last two years, marked by the COVID crisis, which could have finished the federation if we had not succeeded in quickly building the conditions which allowed F1 to be the first international competition to be organised despite lockdowns."
