Carey: F1 has to appeal to new teams

Chase Carey has described how F1 needs to become far more accessible to new teams in the future. Talks of a budget cap have been rumoured to have taken place but a potential cap has yet to be proposed.

Speaking at the FIA Sport Conference in Manila, Carey noted that the sport needed to become accessible to new entries by way of becoming financially viable for new teams to enter.

“There are a lot of things underway that will bring more competitive balance, more action on the track (and) more unpredictability,” he said.

“Predictability is not good in sports,” he added. “You want the unexpected, you want the memorable moments that you didn’t see coming. You want that underdog win, you want those sorts of things to happen.