Carey Says F1’s New Rules Starting In ’21 Respect Sport’s DNA

Chase Carey

F1 officials "unveiled their long-awaited rules" for '21 and beyond on Thursday. F1 CEO Chase Carey insisted the changes "respect the DNA" of the open-wheel series "while improving its future." The sport "hopes it has found the formula to close the gap between teams fighting for championships and the cars bringing up the rear of the grid."

F1 has been "dominated by Mercedes" since the move to the hybrid engine in '14. While technical regulations "will create more standard parts and make the cars slightly heavier and slower, the biggest change is likely to be the new limit on what teams can spend."

While the budgets of the biggest teams can currently "push close to" $500M, starting in '21, teams will be limited to $175M "spent for on-track performance." AP

FIA President Jean Todt said that the rules were "unanimously approved" by F1's legislative body, the World Council. Mercedes, Ferrari and Red Bull have opposed the new rules and "believe they are fundamentally flawed." BBC