On Friday, Liberty Media revealed their five-point plan for Formula 1’s future.
Ranging from cheaper, louder engines, to shaking up the revenue distribution, to putting out cars that are “more raceable to increase overtaking opportunities,” the sport’s new owners want to shake up the status quo.
Following Liberty Media release of their blueprint for F1’s future, Christian Horner says details need to be decided in the “next couple of months” and deals need to be done.
And, Horner, who has been largely in favour of the proposals for 2021, says Liberty must be “ambitious” in their timeframe for nailing down the rules, and the teams.
“It needs to be done within the next couple of months, but that’s ambitious,” the Red Bull boss told Sky Sports F1, as per PlanetF1.
“There’s some big topics to deal with there: engines, budget caps, and redistribution of prize fund.
“It’s ambitious, but they’ve got to go for it. At least they’ve put a target down to say we want this nailed within a couple of months.
“They are not keen to conduct all the negotiation through the media and this gives you the bare bones but the bottom line is this is going to have a much bigger effect on three or four teams running at the front of the grid.
“The guys from P4 downwards are potentially going to get a lot of upside. So you should see some fairly happy faces down that end of the paddock and some bigger challenges at this end of the paddock.”
Toto Wolff has given a cautious response to Liberty Media’s blueprint for the future, saying it is a “good starting point.”
Last year, when Liberty Media released their initial proposal for the 2021 regulations, both Mercedes and Ferrari balked.
While the latter outright threatened to quit the sport, Wolff said a breakaway series that included Ferrari would appeal to Mercedes.
However, following Friday’s announcement of Liberty’s five-point plan for the future, Wolff has been a bit more circumspect in his response.
He told Auto Motor und Sport, as per PlanetF1: “It’s good that we know now what Liberty and the FIA plans for the future of F1.
“It’s a good starting point for further negotiations.”News Now - Sport News