The World Motor Sport Council has unanimously approved a series of regulations to address the need to cut costs and safeguard F1 in the light of the Covid-1 pandemic. The budget will drop to $ 145 million by 2021, 140 by 2022 and 135 by 2023-2025. An extensive list of components is expected to freeze between 2020 and 2021. For 2020, limitations on power unit updates. To this package is added the postponement of the new technical regulation to 2021.
The body with which the FIA makes decisions on new rules and the future of F1, together with the teams and owners of Formula 1 (Liberty Media), also plans for 2021 the simplification of the bottom area in front of the rear wheels to moderate the increase in downforce between 2020 and 2021. For 2021, minimum mass increase to 749 kg.
Freezing of a large list of components between 2020 and 2021. The list includes the frame, gearbox, a series of mechanical components and impact structures. A token system has been developed to allow a very limited number of changes based on the specific needs of competitors.
For 2020, limitations on power unit updates.
For 2021, changes to the plan coating and simplification of the bottom area in front of the rear wheels in order to moderate the increase in downforce between 2020 and 2021.
For 2021, minimum mass increase to 749 kg.
For 2020, provisions for “closed” and “open” events and the related regulatory structure for each one (for example the paddock staff), depending on whether these events allow spectators.
For 2020, various updates relating to tire regulations, with provisions that allow testing of tires during PL2s if it is necessary to approve a new tire specification by Pirelli and the extended use of P140 tires in the event of a PL1 wet.
For 2020, a reduction in aerodynamic tests (ATR) and the introduction of power unit test bench restrictions for cost reasons.
For 2021, a further reduction in aerodynamic tests and the introduction of a distortion between the position of the championship and ATR limitations. The ATR distortion will be linear between P1 and P10.
For 2022, a series of specific key aspects of the regulations have been defined, including curfews, limited number components (RNC), periodic checks and closed park requirements. These regulations work as a package together with the 2022 technical regulations which were approved by the World Council on 30 March 2020 and will be part of an ongoing review and refinement process throughout 2020 and 2021.
FINANCIAL REGULATION 2021
Capitalization level reduced to $ 145 million for 2021, $ 140 million for 2022 and $ 135 million for 2023-2025, based on a season of 21 Grand Prix races.