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Teams hear Liberty Media's plan for future of F1
Photo by: www.kymillman.com/F1 Friday morning got started in Bahrain with a meeting between teams and Liberty Media replete with a presentation and attentive ear as the owners laid out their 4-part plan for improving Formula 1. The goals, according to the BBC, are as follows: • reduce the gap in prize money earnings between the top and bottom of the field
• cut the £300m+ budgets of the top teams to about half that
• simpler, cheaper engines that reduce the gap in performance between the best and worst, and open F1 to new entrants
• simplify the technical rules to reduce cost by standardizing parts that are perceived to have minimal effect on both performance and the show. The...
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