The FIA, the business rights holder of the game and its regulator, the FIA, will current to the groups their plan to revise Method 1 in 2021 later this month.
FOM President Chase Carey mentioned the proposals, which is able to embrace new technical, sporting and monetary laws, will permit Method One to "take off."
The presentation will happen on March 26 throughout the conferences of the Technique Group and the F1 Fee in London.
At a press convention at Albert Park at this time, FIA President Jean Todt mentioned: "We needs to be prepared with the worldwide bundle," from right here there.
Proposals will embrace a funds cap to restrict the utmost variety of groups. spend for his or her F1 applications.
"On the business facet, the monetary facet, which is in Method 1, we’ve got price management, which is a brand new initiative that has made good progress," Todt Todt mentioned. .
"We received the engine regulation that was despatched to the groups a couple of days in the past. And we’ve got chassis laws and governance.
"So these are all of the completely different chapters on which we’re working and we must always have the ability to have the ultimate bundle to debate with the groups about these alternatives. March 26th. "
F1 has six months to keep away from its personal catastrophe" No-deal " Carey mentioned that the FOM and the FIA had" effectively superior "one of many proposals of groups.
"I feel there’s a basic settlement on the route we’re going to take. We’ve 10 groups, so we’ve got 10 completely different factors of view on the main points. In order that's a part of the controversy.
"It’s not distinctive on the earth to search for the best compromises, however I feel we’re excited concerning the alternative to actually supply a platform that the game actually can from 2021."
The FIA Worldwide Sport Code requires that the 2021 laws be signed 18 months upfront, which implies that the brand new guidelines have to be accredited by the tip of June.
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