Paul Jeffrey
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The FIA have confirmed that due to the economic impact of the ongoing Coronavirus pandemic, a join decision has been reached to postpone the proposed 2021 Formula One rule set by a further year.
Set to be the most significant change to the sporting regulations in a decade, the move to the highly anticipated new set of 2021 rules for Formula One racing has been postponed until 2022, with Formula One CEO Chase Carey citing the financial impact of the disrupted Grand Prix calendar due to the ongoing Coronavirus as the cause for this drastic change of plans.
With many teams expected to be hit hard by the loss of income from dropped races, and no certainty around when world sporting events can safely resume, Liberty Media, in conjunction with the 10 current teams, have decided to move out by 12 months the proposed changes - although the anticipated budget cap due to be implemented next season will continue ahead as planned.
The full statement from Chase Carey can be found below:
Original Source: Formula One
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Set to be the most significant change to the sporting regulations in a decade, the move to the highly anticipated new set of 2021 rules for Formula One racing has been postponed until 2022, with Formula One CEO Chase Carey citing the financial impact of the disrupted Grand Prix calendar due to the ongoing Coronavirus as the cause for this drastic change of plans.
With many teams expected to be hit hard by the loss of income from dropped races, and no certainty around when world sporting events can safely resume, Liberty Media, in conjunction with the 10 current teams, have decided to move out by 12 months the proposed changes - although the anticipated budget cap due to be implemented next season will continue ahead as planned.
The full statement from Chase Carey can be found below:
Following a meeting convened today between Formula 1, The FIA and all ten Formula 1 Team Principals I wanted to provide an update on what was discussed and agreed.
During this exceptional time and following several race postponements and the World Motorsport Council’s (WMSC) unanimous decision to move the Formula 1 Summer break forward to March and April, we and the FIA discussed with the teams the need for extra flexibility to accommodate a rescheduled season once the COVID-19 situation improves.
At the meeting there was full support for the plans to reschedule as many of the postponed races as possible as soon as it is safe to do so. Formula 1 and the FIA will now work to finalise a revised 2020 calendar and will consult with the teams, but as agreed at the meeting the revised calendar will not require their formal approval. This will give us the necessary flexibility to agree revised timings with affected race promoters and to be ready to start racing at the right moment.
In addition, as announced by the FIA, it was agreed unanimously at the meeting that the implementation of the Technical Regulations due to take effect from the 2021 season will be postponed until 2022. Due to the currently volatile financial situation this has created, it has been agreed that teams will use their 2020 chassis for 2021, with the potential freezing of further components to be discussed in due course. The introduction and implementation of the Financial Regulations will go ahead as planned in 2021.
We are all very grateful for the collaborative nature of the discussions and fully united approach from all parties to get racing in 2020 as soon as the current global situation subsides. Formula 1 remains fully committed to launching a 2020 season as soon as possible.
Original Source: Formula One
Got questions about the sport we all love? Start a thread in the Formula One sub forum and let our awesome and knowledgeable community help you out!
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