Brawn says F1 Will Address Costs Before Cutting Income

Ross Brawn

Formula 1 Managing Dir Ross Brawn said that F1's new owners will "present the teams with a complete picture of the future of the sport before any redistribution of income can be agreed," according to Adam Cooper of MOTORSPORT.

F1 CEO Chase Carey and his colleagues "made it clear that they want to see a fairer spread of income" once the current Concorde Agreement runs out in '20.

The "key to that ambition" is convincing the bigger, best-paid teams to accept reduced revenues "on the basis that their costs will also come down as the rules are addressed."

As the head of the sporting side of F1, Brawn has been "charged with coming up with a technical package," including a new engine for '21, that will "reduce expenditure and increase competition."

Brawn said, "To have a discussion about remuneration with the teams is difficult if you don't present both sides. We've got to present how we see the sport going forward in terms of the investment that the teams make, because it's substantial. I think it's fair to say that there's not a team in F1 that wouldn't welcome a reduction in costs."

Brawn revealed former Honda, Brawn and Mercedes Financial Dir Nigel Kerr — whose appointment was announced last month — has been "tasked with studying current spending by teams, and demonstrating how that can change under a new rules package." Motorsport