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2021 Formula 1 structure and rule changes

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2021 Formula 1 structure and rule changes

Post by erwin greven » 1 year ago

Details of $175 million cost cap and new prize money structure for 2021 revealed
June 7th 2019

With the FIA’s International Sporting Code stipulating that major regulation changes must be finalised at least 18 months ahead of introduction, the World Motor Sport Council meeting scheduled for 14 June provides the final opportunity for Formula 1’s 2021-onwards regulations to be ratified by the WMSC before the 30 June deadline.


RaceFans understands that the sport’s governing body circulated draft copies of the proposed technical and sporting regulations to all teams on 4 June, with follow-up meetings called in Montreal on Thursday. Further discussions meetings are expected to be held on Sunday morning.

Simultaneously, details of the proposed budget cap were distributed to teams, with a fixed cap of $175m per annum to be imposed on all competitors. However certain exclusions are expected to apply: The salaries of the team’s three highest-paid executives, driver remuneration, the first $15m of power unit costs, marketing/hospitality costs, and all race-weekend travel and accommodation costs.

Crucially, there will be no three-year glide path, as had been previously proposed. It is thought that the exclusion of race travel costs was at the behest of F1 commercial rights holder Liberty Media to enable the championship calendar to be expanded without increasing cost cap levels.

According to sources, a revised revenue structure will also be introduced from 2021, divided into four ‘columns’: Columns 1 and 2 will be similar to the current structure, with the first column comprising 50 per cent of the common prize ‘pot’, divided equally among all participants. There will be no initial exclusion periods for new teams, as is currently the case.

Column 2 will be disbursed amongst the top ten championship finishers on a performance-linked sliding scale, although the percentages will be weighted in favour of performance. Whilst the top championship finisher in a given season will still earn 18 per cent of the ‘pot’, the bottom placed team will receive two per cent rather than the four currently earned – with all intermediate placings tightened up.

Column 3 replaces the current CCB structure, whereby championship constructors’ bonuses are paid to Ferrari, Mercedes, Red Bull, McLaren and Williams, based on their respective championship histories.

In its place a ‘top three’ bonus will apply, where income is shared between teams based on how frequently they have finished in the top three championship classifications over a rolling ten-year period. The pot will be shared will be based on how many points each team has earned during that time in a system awarding three points for a championship win, two for second and one for third.

Finally, Ferrari will retain its Long Standing Team (LST) bonus, but this is expected to be halved from its present level of around $70 million, and may not be used for performance purposes. Thus, the team may cover cost cap exclusions with the LST bonus or write the proceeds to profit, but not allocate the bonus towards the $175m annual cost cap.

As RaceFans revealed previously, Ferrari will also retain its power of veto over changes to F1 regulations. However this is expected to be redefined to ensure that it can only be triggered under specific circumstances.
https://www.racefans.net/2019/06/07/det ... -revealed/


FIA has informed teams about new weekend schedule for 2021. Scrutineering will be Friday morning. Cars not allowed to change spec after that (except for test runs with development parts). FP1 & FP2 moved to Friday afternoon.

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Post by kals » 1 year ago

I’ll believe all that when I see it.

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Post by Everso Biggyballies » 1 year ago

Ferrari will probably veto it

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Post by kals » 1 year ago

Everso Biggyballies wrote:
1 year ago
Ferrari will probably veto it
My thoughts exactly.

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Post by John » 1 year ago

That goddamn veto has to go. The FIA needs to manhandle back the control of the rules and regulations.
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Post by DoubleFart » 1 year ago

Yeah that's not going through.
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Post by Kai-Star » 1 year ago

Ferrari needs F1 as much as Ferrari think that F1 needs Ferrari. The FIA need to make decisions and not be fearful of losing Ferrari.
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Post by erwin greven » 1 year ago

Kai-Star wrote:
1 year ago
Ferrari needs F1 as much as Ferrari think that F1 needs Ferrari. The FIA need to make decisions and not be fearful of losing Ferrari.
Agreed. Ferrari needs F1. Otherwise, they would have left decades ago. In fact in the early 70s, the sportscar program suffered from lack of funding because Ferrari's main interest was Formula 1.
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Post by SB83 » 1 year ago

And the inmates continue to run the asylum.

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Post by PTRACER » 3 months ago

SB83 wrote:
1 year ago
And the inmates continue to run the asylum.
Well, despite this being posted 9 months ago, it never happened.

Now they are talking about it again. They are also discussing the idea of the 2020 season actually finishing in January 2021!
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Post by erwin greven » 3 months ago

Make it a sort of super-season. Just like the WEC did.
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Post by Everso Biggyballies » 3 months ago

PTRACER wrote:
3 months ago
They are also discussing the idea of the 2020 season actually finishing in January 2021!
Well in early sixties (1962 and '63) it always ended in late December, between Christmas and New Year, with the SA GP.

1965 SA GP and qualifying / practice was actually in 1964 with the race on Jan 1st. (The race counted for the 1965 Championship.) :huh: :smiley:

With this years Le Mans postponement until mid September it has meant that the finale of the 2019/20 WEC Season (the LM24) would have been after the scheduled 2020/21 Season opener at Silverstone, with the new reg cars, originally planned for early September.... so now the Silverstone season opener has been postponed until after Le Mans!

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Post by John » 3 months ago

2021 regs offically postponed until 2022.
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Post by Antonov » 3 months ago

PTRACER wrote:
3 months ago
SB83 wrote:
1 year ago
And the inmates continue to run the asylum.
Well, despite this being posted 9 months ago, it never happened.

Now they are talking about it again. They are also discussing the idea of the 2020 season actually finishing in January 2021!
shouldn't be much of an issue because most cancelled/postponed races take place in countries with a consistently warm climate.
the Netherlands would have to be scheduled before the end of October, but Shanghai *for example sees November temperatures up to 17°C.
(* also Spain, Baku and Paul Ricard)

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