According to reports, Formula 1, the FIA and the teams have agreed to a few changes designed to secure the future of the sport. The changes are set to be voted upon early next week.
We’ve mentioned the reduced cost cap which is to begin next year. This cap has been reduced from $175 million to $145 million with an additional reduction over time. It will reduce a further $5 million to a total of $140 million in 2022 and then another five to $135 million after 2022.
This step was a real sticking point with the larger teams with Ferrari being named in the article as the staunchest critic. Ferrari also insinuated that in order to keep their full staff employed, they may have to look at other series should the cost cap be reduced too low. The fan reaction was, bring it on, let’s see Ferrari in Indycar and maybe a full factory effort in the WEC.
The other interesting element to be voted on is a new a aerodynamic handicapping system that allows the poorest performing teams more CFD and wind tunnel time over the top teams. The increased aero development will also be coupled with an allowance to use more open source parts as well.
The open source parts will be easier on the pocket book while more aero development does increase expenses but if it can create more opportunity for more points, then the prize money increase could be an offset.
The governing body will institute an e-vote next week to finalize these changes and it will be interesting to see if this is al agreed to. The moves sound positive but let’s be honest, F1 teams are stuffed full of some of the best and brightest in the business and it will be interesting to see all the ways they exploit these new rules to gain what they regulations are intended to curtail.
Hat Tip: Autosport