Key figures from the Formula 1 teams were treated to plans for the future of the sport on Friday during a meeting with Liberty Media in Bahrain prior to this weekend’s Grand Prix.

Chase Carey and Ross Brawn of Liberty Media, the group that owns Formula One, outlined their vision in a presentation to key figures from the teams.

Prior to the team meeting, a press release was released by Formula 1, offering a brief overview of what had been discussed.

Some of the suggested changes include a potential cost cap, more evenly distributed revenue, and power unit changes.

It will be a little longer before the rest of us are treated to specific details, though, as the teams themselves have agreed to remain tight-lipped until more conclusive talks have taken place.

Liberty Media kept the discussions with the teams relatively brief so that they couldn't then pass on all the information at once.

However, according to Autosport, they've agreed not to release any news to anyone else until further talks have been held.

Zak Brown of McLaren gave little away following the high-profile meet.

"I think we're going to avoid getting into specifics of what was discussed this morning."

Gunther Steiner of Haas reflected a similar tone.

"The detailed discussions are behind closed doors.

"We all agreed on that one, so we should keep it like in any other business. Hopefully we'll bring back a better sport which is better for all of us."

Liberty Media’s Brawn insisted that the meeting had only been intended to provide a brief overview of the plans, as per his quotes to Autosport.

"It was a more a meeting to pass the information and to pass the views onto the teams."

His view was backed up by Steiner, who described Liberty Media’s suggestions a “wish list” as opposed to a definitive reflection of the final changes.

There has been speculation that some of the larger and more established teams hold the strongest suspicion of the potentially significant suggestions.

Interestingly, Toto Wolff and Niki Lauda of Mercedes held a meeting with Maurizio Arrivabene of Ferrari following the presentation to discuss the proposed changes.