IA president Jean Todt has shown 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 revealed to both the F1 Strategy Group and wider F1 Commission in London before the Bahrain GP.
The Concorde Agreement, which governs the game and outsources 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 considered the first massive danger for Liberty Media to noticeably implement its vision for the game’s destiny.
The American-owned company, which sold F1’s commercial rights in 2017, wants to make the sport competitive and introduce a more even-passed sales structure.
“I assume we have numerous help from the groups,” introduced Carey. “When you get into the details, you have ten teams, giving you ten extraordinary perspectives on the information.
“But I suppose there is an 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 needs to introduce great deal-changed new regulations that sell closer and more exciting racing.
Last October, Brawn revealed principles for what vehicles should seem like in two years, with aesthetics and overtaking-friendly aerodynamics a key part of the plans.
On the financial aspect, long-mooted plans to introduce a financial cap are also set to be discussed on Tuesday.
Mercedes boss Toto Wolff is looking forward to seeing the plans on the desk.
“I experience there may be little momentum inside the procedure, and we are all eager to understand how 2021 appears,” he stated on the Australian GP. “Mercedes truly is curious about implementing a fee cap and creating a fee cap sense for everyone.
