Z new rules wants Formula 1 from the summer 2021 on new paths. In front of those in charge of the royal class of motorsport, there is still a signature the new Concorde agreement, where, in words Carey teams have no deadline. There are teams the first draft of this Formula 1 constitution for the period 2021 to 2025 already received and now it is being verified.
In this new agreement also belongs new democratic system by ten votes in favor Liberty Media, ten for the umbrella organization FIA and ten for all ten participants of the championship. In addition, the system will be redesigned distribution of cash prizesto give smaller teams more after the new one. “We presented the structures for business from 2021 onwards," so Carey. “Our goal is for the teams to sign this team contract soon so that we can finally eliminate the uncertainty. We would have the option to set a deadline, but now the new rules take precedence."
Nova distribution of money in budget ceiling According to Carey, the ten Formula 1 teams are expected to compete closer and to be strengthened accordingly competitiveness. For Carey the budget ceiling, which represents step in the direction of field equalization. With a different distribution of money, it should continue reward long-term success in Formula 1, but these will now be more balanced.
"Generating revenue not only helps with competitiveness, but also with healthy team building. In addition, this business model can attract new teams that would like to enter Formula 1. Today we have three teams at the top, the remaining seven are behind them. Teams at the top spend significantly more money than others. We are well aware of that." Reason for higher expenditures they are also noticeable higher earningscreated by top teams. To equalize the entire field, will also be changed structure in the organization.
That, he said Carey help make sports essential easier to manage. At that time, the American was talking about difficult voting system, in which many different clients operate. Carey he says: "Sport already has a lot of complicated problems, which is why we want to solve it. It is about simplifying decision-making and being able to look far ahead." Complicated dynamics in the process, however, it is expected to soon fall into the past.
