FIA president Jean Todt is to review the shock financial downfall of Oxfordshire teams Marussia and Caterham over the past week that has rocked the sport.

Todt has again called on F1 to get its house in order in the wake of the two outfits 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 tomorrow’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.

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With both teams in breach of the sporting regulations which state they are to “participate in every event with the number of cars and drivers entered”, the FIA naturally had to look into the matter.

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.

However, the stewards in Austin also determined that “because of the particular nature of the breach (of the regulations), the matter is referred to the attention of the FIA president.”

Todt is understood to be angered at what has occurred, particularly as his plans at the start of the year to impose a cost cap for 2015 were torpedoed by the teams, despite an initial agreement to go ahead.

Todt’s proposal ultimately fell on the same stony ground as trodden by predecessor Max Mosley.

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