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Carey: A watershed moment for all our fans
Formula 1 presented a dramatic overhaul of the sport on Thursday with a new car and regulations aimed at producing closer and cheaper competition from 2021 as well as more exciting and environmentally-friendly racing. The new technical, sporting and financial rules include a budget cap and represent the fruit of two years of discussions between stakeholders including teams, the governing FIA and U.S.-based commercial rights holders Liberty Media. The regulations were earlier approved unanimously by the FIA’s World Motor Sport Council, with talks continuing over governance and profit-sharing. “The goal has always been to improve the competition and action on the track and at the same...
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