Formula 1 to offer 2021 regulations and budget plans to groups
IA president Jean Todt has showed that the “worldwide plans” for the sport’s subsequent technology – expected to include technical and wearing rules, value controls and prize money shape – may be found out to both the F1 Strategy Group and wider F1 Commission in London beforehand of the Bahrain GP.
The Concorde Agreement, which governs the game and units out the economic terms on which teams compete, expires at the end of 2020.
“We’re excited and we assume we can do lots and make the game a much extra interesting recreation for fans, and a miles higher game for all and sundry who’s in it,” F1 chairman Chase Carey informed Sky Sports News.
“And that’s truly what we’re trying to reap.”
What’s on F1’s schedule for 2021?
2021 is being considered as the first massive danger for Liberty Media to noticeably put in force their vision for the game’s destiny.
The American-owned company, who sold F1’s commercial rights in 2017, want to make the sport greater competitive and introduce a more even-passed sales structure.
“I assume we have numerous help from the groups,” introduced Carey. “Obviously whilst you get into the details, you have got 10 teams so that you’ve were given 10 extraordinary perspectives on the info.
“But I suppose there is exquisite guide for the course and the imaginative and prescient that we’ve for the game.”
F1, led via dealing with director Ross Brawn, additionally need to introduce a great deal-changed new regulations that sell closer and more exciting racing.
Last October, Brawn revealed principles for what vehicles ought to seem like in two years’ time, with aesthetics and overtaking-friendly aerodynamics a key a part of the plans.
On the financial aspect, long-mooted plans to introduce a finances cap also are set to be discussed on Tuesday.
Mercedes boss Toto Wolff is asking forward to seeing the plans located on the desk.
“I experience there may be a few momentum inside the procedure and we are all eager on understanding how 2021 appears,” he stated on the Australian GP. “Mercedes truly is inquisitive about having a fee cap implemented at the right levels so it makes sense for all people.