Formula 1 faces a critical meeting on Tuesday as supervisors present their plans to the teams to the future of this sport from 2021.
Providers Liberty Media and regulating body the FIA are to introduce a budget cap and reevaluate revenue distribution to decide to try to make F1 more competitive.
The agenda for that meeting has been sent to teams without specific information.
The assembly will talk about:
- Cap on groups’ annual budgets, starting in either 2020 or 2021 at a figure above $200m (£151m) annually and diminishing below $150m (£114m) within four or three decades
- Revised earnings distribution within an attempt to narrow down the difference in income between the leading teams and the rest
- Revised governance to Terminate the present system where only half those 10 teams have a formal say on principles
- A summary of technical principles that will be directed at creating the automobiles capable to race more closely
- lookup engine principles, maintaining the present 1.6-litre V6 turbo hybrids but with modifications to allow them to louder
- A change to the principles regulating how many parts teams can buy from rivals while still meeting the requirement to Be a constructor within their right
Liberty’s aim is to stop f-1 being a two-tier sport, where three teams have a enormous performance advantage over the rest to this point no team aside from Mercedes, Ferrari and Red Bull can hope to win a race.
The budget cap is the essential portion of this plan, and it has been the centrepiece of talks during the previous year.
F1 managing director Ross Brawn states that these discussions have been intense and difficult and are unlikely to get rid of when the 2021 rules have been already published.
“The sales is an arduous discussion, we understand that,” Brawn said.
“Those that have it all want to keep it and also those which have not started using it need more, and it’s finding the acceptable balance in how we can disperse the revenue, because we know if we have a far more equitable distribution of revenue we will have a better F1, which is an undeniable fact.
“We’ll never take a situation on the fee cap, by way of example, where we will issue definitive regulations in a certain date and that’s the end of this. The topic is overly intricate.
“So as it evolves and as we view new challenges and problems, we will have to evolve and refine regulations to achieve the objectives and that is no different with the technical and sporting regulations.
“And in those 2 areas there are well-established patterns and protocol and even then there are arguments.
“So it’d be naive to presume that the monetary regulations are only likely to be put on the table and that is it, render it.
“Each team includes a unique set of priorities and we’re trying to get our way through it to find the best solution but I can see some genuine progress”
Several areas are more very likely to become deemed beyond limits on spending including driver wages, remuneration for top executives and lots of facets of marketing.
And among the critical issues is how restrictions on paying is going to likely be policed, specially in the circumstance of the large organizations involved in F1.
The trend for smaller teams to friend up with larger ones can be a major area of contention.
Last year, RedBull’s junior team Toro Rosso have followed the same path – their 2019 car is made up of as many regions of the 2018 RedBull as can be allowed.
The expectation is that this clinic will be restricted.
“A realistic budget cap a good deal of teams may access into from prize money and sponsorship.
“And then F1’s DNA has ever been being a constructor, therefore equipment should only be listed parts (which teams have to create themselves) or standard parts if we want to assist teams which maybe don’t have capabilities to create parts.
“However, I actually don’t think you ought to have some teams offering some teams however, maybe perhaps not all teams.
“That will make for a truer f-1, better for everyone.
“The government has to be addressed as lots of the rules we strive to cope with get blindsided by teams aligning.
“I believe that the teams will need to have a say and a vote but never to such an extreme we can prevent things happening.
“Like sports that is great, it ought to differ winners frequently, different champions and then I presume all of us win”