Liberty Media, current owner of the F1, has revealed the main lines with which it intends to change the category from 2021. The goal is for it to be "Cheaper, more competitive, with more overtaking" and that "The talent of the pilot is the determining factor of performance" before the car you have in your hands.
“Formula 1 is a sport with a rich history. We want to preserve, protect and enhance that history by unleashing the potential of F.1 by offering our fans a more competitive and exciting sport. We are driven by a desire: to create the world's leading sports brand. Fan-centric, commercially successful, profitable for teams, and with technological innovation at its heart ”, explained Chase carey, president of F.1, in a statement.
Among the "Key strategic initiatives" that Liberty arises, the first has to do with the power unit, which must "Be cheaper, simpler, louder, have more power" and remain hybrid. "The new power unit rules must be attractive to new entrants and client computers must have access to equivalent performance."
In the section sports and technical rules, the owners of the F.1 intend "Make cars more manageable to increase overtaking opportunities." "Engineering must remain a cornerstone, but the skill of the driver must be the predominant factor in the car's performance."He said.
“The cars must and will continue to be different from each other and will maintain performance differentiators such as aerodynamics, suspensions and power unit. However, we believe that areas that are not relevant to fans should be standardized. ", argues Liberty.
In the section economic costs, the American group understands that "The way the money is spent must be more decisive and important than the amount that is spent." "Although there will be some standardized elements, the differentiation of the car must remain a central value", he clarified, adding his intention to "Implement a budget cap that maintains the position of the F.1 as the pinnacle of motorsport with its cutting edge technology."
Regarding revenue, Liberty argues that "The new income distribution criteria must be more balanced", in the sense that they will be "Based on the meritocracy of present performance" that the teams achieve in each season, above their history.
"The unique and historical value of F.1 must be recognized and will continue to be done", added the owner of the competition, who in his last point asks "A simple and efficient governance structure between the teams, the FIA and Formula 1".