REVEALED: Liberty Media uncover blueprints for 2021 engine regulations!
11:24, 06 Apr 2018
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Liberty Media has revealed plans for engine regulations and financial factors starting in the 2021 season.
Key points from the meeting
Power Units
- PU must be cheaper, simpler, louder, more power and reduce the necessity of grid penalties
- Must remain Road relevant, hybrid, and allow manufacturers to build unique and original PU
- PU rules must be attractive for new entrants and customer teams must have access to the equivalent performance.
Cost
- How teams spend money is more important than how much is spent
- Car differentiation will remain a core value
- Cost cap rumoured to be $150 million
Revenues
- The new revenue distribution criteria must be more balanced, based on a meritocracy of the current performance and reward success for the teams and the Commercial Rights Holder.
- F1s unique, historical franchise and value must and will still be recognised.
- Revenue support for both cars and engine suppliers.
Sporting technical rules and regulations
- Cars must be more traceable increasing overtaking opportunities
- Drivers skill must be the predominant factor in the performance of the car.
- The cars must and will remain different from each other and maintain performance differentiators like aerodynamics, suspensions and PU performance. However, we believe areas not relevant to fans need to be standardised.
Governance
- A simple and streamline structure between the teams, the FIA and Formula 1.
The chairman and CEO of Formula 1, Chase Carey commented:
“We want to preserve, protect and enhance that history by unleashing F1s potential, by putting our fans at the heart of a more competitive and more exciting sport.
“We are driven by one desire: to create the world’s leading sporting brand. Fan- centred, commercially successful, profitable for our teams, and with technological innovation at its heart.”
More to follow...
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