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Formula 1 reveals updated 2021 proposals
Formula 1 chiefs have revealed further proposals for the championship post-2020, following a meeting between Liberty Media and team bosses in Bahrain on Friday. Under Liberty, which fully acquired the sport in early 2017, initial plans were drafted, with the primary ambition to reduce costs, as well as simplifying the current power units. On Friday, teams were presented with the updated plans by Formula 1 CEO Chase Carey, who outlined a series of key ‘strategic initiatives’ for the next set of regulations after 2020. Among these are that a new method of distributing the sport’s revenue will be implemented in order to create a “more balanced” situation, with...
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