He believes it's a "crucially important moment" for the sport.
McLaren has hailed the decision to introduce cost-cutting in Formula One from next season as a "crucially important moment" for the sport.
Each team backed the moves which will see spending capped at 145-million dollars from 2021.
McLaren says Formula One had become financially unsustainable in recent years.
Meanwhile, the Formula One Dutch Grand Prix has been cancelled.
It was originally scheduled for May 3rd and then postponed due to the pandemic.