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Carey: There's a lot we can do to improve the competition

As we wait... and wait... for the first leaks, far less outbursts, following Tuesday's Strategy Group meeting at which F1 bosses were due to reveal their initial proposals for a budget cap, Chase Carey has been talking to investors in Liberty Media about how he sees the sport going forward. 'There's a lot we can do to improve the competition, improve the action on the track, and at the same time make it a much better business for both us and the teams,' he said. 'There are a number of components,' he continued, 'one of them is cost. Right now there are teams that spend amounts that don't realistically make sense. Realistically, the spending doesn't improve the value for fans. 'We've got...
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