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Carey acknowledges June deadline for 2021 regulations

Published on 01 Mar 2019 10:12
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By: Fergal Walsh

Formula 1 CEO Chase Carey acknowledges that the sport must agree to key aspects of the 2021 regulations before June of this year.

F1 is set to introduce a series of new rules for the 2021 season, with the cars set to receive aerodynamic and engine overhauls.

Changes are also being planned on the sporting side of operations, with commercial rights holders Liberty Media keen on reconfiguring the way money is distributed to each of the teams.

Speaking at a Liberty Media conference on Thursday, Carey admitted that “there are structures that lead us to want to have things in place by June.”

"We understand public markets would like to have all the terms as soon as possible. But we’re going to take the time necessary and make sure we get this right in alignment with our partners.”

“I’m not going to elaborate on specific deadlines for discussions with teams. They’re active, I had a number of meetings this week with teams so they are quite active

“We want to resolve these things, they are for 2021 so clearly there is still time there but I think all of us would like to have clear visibility to the future so we are looking to conclude those as quickly as we can.

“But it is true that certainly there are components of it that we would look to have in place by June. Although we certainly expect to advance things before then.”

F1 News Chase Carey

Replies (6)

calle.itw

Posts: 8,527
There's a thing I agree with them on. It's better to wait and get it done properly, than rush it and risk costly oversights. This is why I actually applauded a while ago, when Nintendo announced that the release of Metroid Prime 4 was postponed, and they'd be putting Retro back on the game in favour of a studio from Square Enix. My concerns are the following (among others): will they go for democracy here, or will they steamroll the teams, and will they be able to retain the artistic /mechanical aspects of F1, or will they go for a more Indy style, less team focused chassis regulation?
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- Mar 1 2019 - 12:04
- f1dave
  
  Posts: 782
  Judging by recent decisions probably the latter. We will never see the likes of a Tyrell six wheeler again.
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  Mar 1 2019 - 16:47
- calle.itw
  
  Posts: 8,527
  We probably wouldn't anyway, since six-wheelers just wouldn't cut it in modern F1.
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  Mar 1 2019 - 17:15
- Ram Samartha
  
  Posts: 1,172
  What makes F1 significantly different from IndyCar is that several of the teams manufacture their own lines of cars that use technology that is migrated from F1 into the consumer automobile market whether it be for super cars or regular road cars. That argument alone makes me tend to think that the factory teams will always want to have some degree of design and technology autonomy in order to distinguish themselves from the other teams on track and in the marketplace. I personally think the current trend of teams being allowed to work with the factory teams and use their parts like HAAS and Alfa are doing, and now it looks like Toro Rosso and RBR are doing this year is good for the sport. I don't know for sure, but it seems that if they are clever enough they might even be able to compete with their parent/sister teams.
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  Mar 1 2019 - 18:44
- f1dave
  
  Posts: 782
  I didn't mean six wheels returning, I meant the kind of innovation that produced them
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  Mar 1 2019 - 20:53
- calle.itw
  
  Posts: 8,527
  @f1dave I know, I was just saying. And I agree that the current regs are stifling things a bit too much. Just look at how they banned FRIC.
  
  @Ram Yes I agree that the trend of cooperating with the bigger teams is a good thing for the sport. One that should be kept a close eye on so as not to abuse it, but one that should remain, since it's a very efficient cost saving method for smaller teams. And the resources they save on not doing those parts are resources they can put on other parts. I doubt STR will legit compete with RBH, but it would sure be nice if they did. :)
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  Mar 1 2019 - 21:08