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Liberty Media reveals 2021 Formula 1 regulations

Formula 1 has revealed new technical, financial and sporting regulations aimed at making racing closer and fairer from 2021 and beyond. The new regulations have been "adopted unanimously" by the World Motorsport Council, according to FIA president Jean Todt. Article continues under video Liberty and F1's teams have been locked in negotiations regarding the new regulations for some time, with the announcement having been pushed back from an original date in June. An annual spending cap of $175m has been imposed on teams, something Todt admitted scepticism over, while praising F1 CEO Chase Carey for convincing him and the teams of its merits. More to follow… Say hello to the...
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