Connect with us

2021 F1

Liberty Media revealed Blueprint for F1 future from 2021

Published

on

  • 1
    Share

F1 owner Liberty Media preparing to introduce a cost cap and help make cheaper and louder engines in their future proposal for the Grand Prix’s.

American business gain Liberty Media took over last year after Bernie Ecclestone’s 40-year reign. F1 managing director of motorsports Ross Brawn presented the ownership’s plans beyond 2020 when the current rules — known as the Concorde Agreement — expire.

“We are driven by one desire: To create the world’s leading sporting brand,” F1 CEO Chase Carey said. “Fan-centered, commercially successful, profitable for our teams, and with technological innovation at its heart.”

The proposed blueprint focuses on engines, revenue, a more streamlined governance, regulations, and cost-cutting. Teams have yet to agree on it, with Ferrari and Mercedes previously expressing concern at the direction of F1.

F1 wants cheaper, louder, more powerful engines — but also wants them more reliable to reduce the amount of grid penalties. The new engines, or power units, must also be accessible to any new teams planning to enter the series.

Mercedes head of motorsport Toto Wolff previously said teams must overcome their differences in the face of a threat by Ferrari to quit. Ferrari chairman Sergio Marchionne has spoken out against simplifying engines and redistributing prize money more fairly.

Although F1 says new engines in 2021 will have “some standardized elements, car differentiation must remain a core value” — which may help appease Ferrari in particular.

The idea of a cost cap may, however, give Mercedes and Ferrari even more financial clout than other teams. F1 did not give any figures for the proposed cost cap.

F1 also hopes to level the playing field in terms of revenue distribution, which it says “must be more balanced” and “based on meritocracy” rather than long-standing prestige.

F1 also wants to increase overtaking. F1 races have become somewhat predictable, with Mercedes dominating the past four seasons and Red Bull doing the same before them. Drivers making a strong start from pole position in a more powerful car are rarely troubled. F1 hopes that reducing the impact of engineering technology and putting more emphases back on “driver’s skill” will help that goal.

While teams will remain free to develop aerodynamics, suspension, and engines, F1 wants standardized parts for other areas “not relevant” to watching fans.

Finally, in a bid to improve relations between motorsport governing body FIA, teams, and owners, F1 hopes for “a simple and streamlined structure.”

Drivers, who have minimal input, are also divided on future changes (AP).

Loading...

Comments

Latest Results




Latest F1 News

2019 F14 hours ago

Perez more optimistic about Mexico GP future

1ShareSergio Perez is suddenly sounding more optimistic about the future of Mexico’s grand prix. Earlier, it emerged that the Mexican...

2019 F14 hours ago

Schumacher to test Alfa Romeo next week

1ShareMick Schumacher’s first formula one test will take place next week in Bahrain. We had already reported that the son...

2019 F14 hours ago

Money not the problem for Dutch GP – Lammers

1ShareDutch GP boss Jan Lammers says money is “not really the problem” as Zandvoort struggles to secure a F1 race...

2019 F15 hours ago

F1 should look into ‘e-fuels’ – Abiteboul

1ShareCyril Abiteboul says F1 should look into introducing “e-fuels”. In an increasingly environmentally-minded world, the Renault boss doubts F1 did...

2019 F15 hours ago

FIA responds to 2019 start light problem

1ShareF1’s governing body is making adjustments ahead of the Bahrain grand prix so that drivers at the back of the...

2019 F16 hours ago

Boullier knew McLaren-Honda would fail

1ShareFormer McLaren boss Eric Boullier said he realised immediately that the McLaren-Honda adventure would be a failure. “Already in the...

2019 F17 hours ago

Sainz hails Renault progress in 2019

1ShareCarlos Sainz has hailed the improvement made by McLaren’s engine supplier Renault over the winter. After years of struggling with...

2019 F17 hours ago

Kubica return terrible for F1 – Villeneuve

1ShareJacques Villeneuve thinks Robert Kubica’s return to F1 is “terrible” for the sport. After an eight-year absence to recover from...

2019 F13 days ago

Williams being run with fear and terror – Ralf

1ShareRalf Schumacher, who won all six of his F1 victories with the British team, thinks the problem at Williams could...

2019 F13 days ago

Ferrari can do better in Bahrain – Senna

1ShareBruno Senna says Ferrari should not give up on winning the 2019 title. After Australia, where the Italian team’s winter...




Most Popular

ThisisF1.com is not affiliated with Formula 1, Formula One Management, Formula One Administration, Formula One Licensing BV, Formula One World Championship Ltd or any other organization or entity associated with the official Formula One governing organizations or their shareholders. Copyrighted material used under Fair Use/Fair Comment.

References
We could use the following leading F1 news sources for stories: SkyF1, BBC F1, Autosport, ESPN F1, FIA Media Center, MotorSport, JamesAllen and others leading authors blog.

All Rights Reserved © 2017 Prime Sport Media