BERLIN – The future of Formula One racing sees a key meeting on Tuesday in London between all parties involved, and a revolution of the sport is possible to make it cheaper, simpler and more exciting.
The ruling body FIA, the Formula One Group and the 10 teams will get together for key decisions at a time in which the expensive high-speed sport is more and more questioned.
FIA boss Jean Todt said at the season-opening race in Australia that a spending cap will come along with new regulations for the cars and engines, and a new distribution of income.
"We should be in a position to have a finalised package to discuss with the teams on March 26," he said.
The new rules are to apply from 2021 onwards after the latest agreement expires after the 2020 season. An agreement must be reached by June.