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).

Comments

Latest Results




Latest F1 News

2018 F12 days ago

Alonso exit shows F1 ‘sick’ – Perez

1ShareFernando Alonso’s plight shows that F1 is “sick”. That is the claim of Force India driver Sergio Perez, referring to...

2018 F12 days ago

Kubica has ‘made decision’ about 2019

1ShareRobert Kubica looks certain to secure the second race seat at Williams for 2019. At an event in northern Poland,...

2018 F12 days ago

Dutch GP preparations to take years

1ShareBelgian grand prix boss Andre Maes doubts the Netherlands can quickly put together an F1 project. After 35 years promoting...

2018 F12 days ago

Toto Wolff is offering a place for Seidl in Mercedes

1ShareMercedes looks set to recruit a top official from Porsche’s highly successful Le Mans team. Porsche ended its highly successful...

2018 F14 days ago

F1 has ‘other options’ to British GP – Carey

1ShareChase Carey has admitted a cloud still hangs over the future of the British grand prix. Last year, Silverstone’s owner,...

2018 F14 days ago

Carey admits no ‘new engine’ for 2021

1ShareChase Carey has admitted F1’s engines will not change significantly for 2021. Earlier, Liberty Media wanted drastically different engines compared...

2018 F14 days ago

Lewis Hamilton says he is not interested in Formula E

1ShareLewis Hamilton says he is not interested in Formula E because of the lack of petrol power, sound and speed....

2018 F14 days ago

Carey defends ending F1 betting sponsorship ban

1ShareChase Carey has defended F1’s move into the world of gambling. For four decades, former F1 supremo Bernie Ecclestone did...

2018 F15 days ago

Brazil ramps up efforts to keep grand prix

1ShareOrganisers of the Brazilian grand prix have ramped up efforts to keep Interlagos on the F1 calendar. The contract expires...

2018 F15 days ago

Marchionne death hurt Ferrari morale – Tronchetti Provera

1ShareFerrari is “very close” to its goal of bringing the title back to Maranello after more than a decade. That...




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