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Formula 1 a 'stop closer' to agreeing 2021 rules overhaul
Formula 1 has said it has taken a “step closer” to overhauling the championship and its rules for 2021 following a meeting of key stakeholders in London on Tuesday. The commercial rights holders, the Liberty Media owned Formula One Group, said that F1’s new chapter will feature “new rules, governance structure, revenue distribution strategy, and cost controls”. And apparently yesterday’s meeting proved constructive in ensuring these changes are implemented from 2021 onwards. Representatives of all 10 Formula 1 teams and engine manufacturers attended yesterday’s meeting, where a full framework was discussed for the future of the series. Also in...
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