The Aston Martin president has reacted to the latest proposals made by Formula One bosses on Twitter.The proposals were presented by Liberty Media, who hold the sport’s commercial rights, ahead of the Bahrain GP.The proposals unveiled to the 10 current teams on the grid are intended to govern the sport beyond 2020 when the current Concord Agreement expires.Liberty’s avowed intention is to develop the spectacle of the sport via a range of innovations, including the introduction of a cap on costs and what they describe as ‘cheaper and simpler power units.'It is planned that the power units will also be louder and more powerful and should lead to fewer grid penalties, something of a bane in recent times.Once again, the emphasis will return to improving the race experience for racegoers and viewers by increasing opportunities for overtaking. The cars must be designed and built with raceability at their core.A welcome boost for new entrants will be the proposal that efficiency of spending should have a more decisive impact than quantity of spending. The standardisation of some elements of the cars should assist this, while still allowing for recognisably individual teams in terms of aspects such as aerodynamics and PU performance.However, this cap cost could annoy the more successful teams, with plenty of F1 fans already saying Ferrari are likely to quit the sport because of it.

The new measures suggested for revenue distribution will certainly serve to boost the smaller teams and new entrants. The introduction of a greater balance and a more meritocratic system, which rewards current rather than past performance, should benefit the teams and the Commercial Rights Holder.

Clearly these new proposals will pique the interest of engine manufacturers such as Aston Martin, as they should reward more efficient machines.

With races becoming less processional and more widely competitive, this should greatly increase the sport’s appeal and marketing profile.