Mar.16 (GMM) Negotiations over the next Concorde Agreement look to be heating up.
Red Bull’s Dr Helmut Marko said the biggest “negative” of the Liberty Media era at present is “the missing regulations” for 2021.
“In my opinion, there is too much compromise,” he told Der Spiegel.
“If you consult all the teams, it will never work. Liberty and the FIA have to sit down, decide and then enforce something. Otherwise it will never work,” said Marko.
And it seems that Greg Maffei, the chief executive of Liberty Media, is starting to agree.
“Chase (Carey) has tried to take a very conciliatory, constructive tone to bring it all forward and we tried not to draw any lines in the sand but we will see, it may yet come to that,” he is quoted by Forbes’ F1 business journalist Christian Sylt.
The FIA is also speeding up. President Jean Todt announced in Melbourne that the proposed 2021 regulations will be presented to the teams during meetings in London on March 26.
He is hoping the new rules entice new teams to join the grid.
“Of course we would like to have additional manufacturers, just as I would like to have 12 teams,” he said.
13/03/2019 Liberty admits finding F1 sponsors difficult Mar.13 (GMM) Liberty Media bosses admit they thought it would be easier to attract sponsors to F1.
Chase Carey, the new CEO, and Liberty chief Greg Maffei took over from Bernie […]
07/02/2019 Liberty ‘underestimated’ F1 takeover – Horner Feb.7 (GMM) Liberty Media "underestimated" the task of running F1.
That is the view of Red Bull's Christian Horner, who was asked about the latest issues surrounding the current F1 owner […]
21/05/2018 Liberty eyes F1 track resurfacing idea May 21 (GMM) Liberty Media might consider pushing race promoters to resurface their tracks in a bid to spice up formula one.
Greg Maffei, the Liberty CEO, told F1 business journalist […]
12/11/2016 Liberty expects teams to buy into F1 Nov.12 (GMM) F1 teams are expressing interest in buying into the sport, Liberty Media CEO Greg Maffei has revealed.
As Liberty moved to take over from majority owner CVC, it emerged that […]
07/03/2017 Liberty scoffs at F1 TV deal in US Mar.7 (GMM) Liberty Media chief executive Greg Maffei has scoffed at the amount paid for F1's television rights by the American broadcaster NBC.
Headed by US media tycoon John Malone, […]
23/01/2017 Liberty hints Ferrari to lose $100m bonus Jan.23 (GMM) F1's new owner Liberty Media has indicated it is serious about taking away the $100 million bonus received by Ferrari each year.
Christian Sylt, an F1 business journalist, […]
28/06/2019 Marko reveals talks for new Austria GP race deal Jun.28 (GMM) Dr Helmut Marko says it is likely Red Bull will agree with Liberty Media to extend the contract for the Austrian grand prix.
After a ten-year absence, the now Red Bull-owned […]
18/03/2019 Mercedes still opposed to budget cap – Wolff Mar.18 (GMM) Toto Wolff has renewed Mercedes' opposition to plans for team budget caps in 2021.
In Melbourne, FIA president Jean Todt said preparations for "cost control" are "quite well […]
13/03/2019 Ecclestone plays down F1 return rumours Mar.13 (GMM) Bernie Ecclestone has played down suggestions he might make a return to formula one.
The former F1 supremo may be 88, but his friend Christian Horner says: "You never know […]
28/03/2018 Liberty to present 2021 plans in Bahrain Mar.28 (GMM) Bahrain will set the scene for the next round of tensions between F1 owner Liberty Media and angry top teams Ferrari and Mercedes.
The top teams are already threatening to […]