Formula 1 news: F1 holds first big meeting regarding 2021 regulations in a massive jump to shakeup the sport of Formula 1
It’s nearly a year ago that during the Bahrain GP F1 first revealed its plan to pretty much change everything going into the 2021 season. The current collective bargaining agreement ends at the end of 2020 season and Liberty Media plans to make big changes to the rules that have in the past few seasons monopolized the top of the table, but to be fair, that has been the case throughout the F1 history.
A year later on 26th March, as we await the Bahrain GP, key personnel from F1’s participating teams and manufacturers met and the Technical team of F1 and FIA presented the full framework of changes the framework that they plan to bring for 2021 season. While this will not be anywhere close to that we end up seeing in the season, it will give us a basic idea of where we are headed.
Broadly the FIA and F1 management is looking to bring in new technical and sporting regulations, engine rules, costs, governance and revenue distribution. Such massive changes might end up changing the entire look of F1.
While no initial confirmations came out regarding the propositions and there has not been a date finalized for the first round of discussions and votings for all the stake holders, the initial mood doesn’t seem to be too bad. Given that half the teams had threatened to quit the sport before hearing any of the propositions, the fact that none of the teams have made any such statements after the initial propositions is probably a good sign.
This is merely the first step towards the rule changes. Teams have indicated that June might be the earliest that we might see some clarity on where the teams stand and what the future of F1 looks like. The target remains constant though: “To create great action and bring the cars closer together. make the drivers the heroes and make the business more sustainable.”
The words are bold and if the sport can achieve half of these things then we will have a lot more to root for than the 7th place finisher in every race.
The engine regulations had already been sent to the teams last week as per FIA President Jean Todt and now F1 CEO Chase Carey has said the rule makers had made good headway.
“There is a general direction we are going with everything, and then there are the details – and there are 10 different views on the details,” he said.
“It is not unique in the world to try to find compromise.”
