F1 in 2021: ‘new chapter’ is a step closer after London meeting
Liberty Media and the FIA present future framework for 2021 and beyond
Formula 1 has taken a “step closer” to beginning a “new chapter” in the motor sport’s history.
A year ago in Bahrain F1’s owners Liberty Media first presented its “blueprint for the future” which would see a number of proposed changes introduced for the 2021 season.
Sky Sports explains that the current Concorde Agreement - which “governs the sport and sets out the commercial terms on which teams compete” - expires at the end of the 2020 season and Liberty Media “want to make the sport more competitive and introduce a more even-handed revenue structure”.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
F1 bosses and the sport’s governing body, the FIA, presented the vision for F1’s future at a meeting held in London on Tuesday. Included in the vision are new rules, governance structure, revenue distribution strategy and cost controls.
The BBC reported on Monday that the introduction of a budget cap, restructured revenue distribution and new racing regulations will “try to make F1 more competitive”. Liberty Media also wants to “stop F1 being a two-tier sport” where the big three - Mercedes, Ferrari and Red Bull - have a “huge performance advantage over the rest”.
New chapter
Following the meeting in London, F1 said that ultimately it wants to “create great action and bring the cars closer together, make the drivers the heroes and make the business more sustainable”.
A statement published on F1.com said: “In just over two years’ time, F1 is aiming to begin a new chapter in its illustrious history. And on Tuesday in London, the championship took a step closer to making that happen from 2021 onwards.
“Over the past months, F1 bosses and the FIA have been working on a framework that includes new technical and sporting regulations, power unit rules, costs, governance and revenue distribution and this was presented on Tuesday.
“The day opened with a meeting of the Strategy Group and was followed by a meeting of the F1 Commission, bringing together all of the sport’s stakeholders to see how the vision has evolved almost a year on from the presentation F1 made to the FIA and teams in Bahrain last year.”
Positive meetings
In the past few weeks the McLaren and Red Bull teams both stated that they could quit F1 if the 2021 changes did not improve the sport.
Racefans.net’s Dieter Rencken reports that sources with knowledge of the London meetings said the presentations were “comprehensive and well received by the respective audiences, with the mood in the sessions being described as positive”.
A number of follow-up meetings will now take place before the end of June to “formalise the post-2020 landscape”, said Racefans.net.
2021 concept cars
In September last year the designs for three 2021 concept cars were unveiled at a presentation held before the Singapore GP.
F1 motorsport boss Ross Brawn said the three concepts will focus on improving racing and look good as well. Describing the designs as “sensational”, Brawn wants the new cars to inspire the younger generation of F1 fans.
He said last September: “When we started looking at the 2021 car, the primary objective was to enable the cars to race well together. What we established early on in our research is the cars we have now are very bad in following each other.
“We want a car that is inspiring. F1 is the pinnacle of motorsport and the car should look sensational.”
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
Ecuador's cloud forest has legal rights – and maybe a song credit
Under the Radar In a world first, 'rights of nature' project petitions copyright office to recognise Los Cedros forest as song co-creator
By Harriet Marsden, The Week UK Published
-
Today's political cartoons - November 3, 2024
Cartoons Sunday's cartoons - presidential pitching, wavering convictions, and more
By The Week US Published
-
Why Man United finally lost patience with ten Hag
Talking Point After another loss United sacked ten Hag in hopes of success in the Champion's League
By The Week UK Published
-
Christian Horner and the Red Bull saga that refuses to go away
Why everyone's talking about 'Too dizzy-making' even for the 'merry-go-round world of F1'
By The Week UK Published
-
Max Verstappen: F1’s record-breaking world champion
Why Everyone’s Talking About Red Bull star has surpassed records set by Schumacher, Vettel and Hamilton
By Mike Starling Published
-
F1 ‘silly season’ hits top speed as 2023 grid takes shape
Under the Radar Twitter explodes with news of driver moves, denials and rumours
By Mike Starling Published
-
Lewis Hamilton on his F1 future: ‘I have plenty of fuel in the tank’
Under the Radar Seven-time world champion finished second on his 300th grand prix start
By Mike Starling Published
-
F1: a bumpy start to the season for Mercedes, Lewis Hamilton and George Russell
Under the Radar Only four races in and Mercedes already look off the pace
By The Week Staff Published
-
F1 Bahrain GP reactions: Ferrari ‘back with a bang’ as Leclerc ‘tames the beast’
feature The Tifosi celebrate a stunning one-two for Charles Leclerc and Carlos Sainz
By Mike Starling Published
-
F1 2022 season guide: race calendar, championship standings and 2023 grid
feature Max Verstappen has now won 14 of this season’s 20 grands prix
By The Week Staff Last updated
-
Mason Greenwood: footballer arrested on suspicion of rape and assault
Speed Read Man Utd confirm the striker will not train or play until further notice
By The Week Staff Published