Formula 1 Execs To Present Vision For Future In London On Wednesday
Formula 1 execs "will present their vision for the future to all current race promoters" at a conference in London on Wednesday, according to Lawrence Barretto of MOTORSPORT. Since completing its takeover of F1 in Jan. '17, Liberty Media has held discussions with all the stakeholders and conducted its own research as "part of plans to reshape the championship." It will present its findings and plans for the future during an eight-hour conference. F1 CEO Chase Carey, Managing Dir, Commercial Operations Sean Bratches and Managing Dir Ross Brawn "are expected to give presentations and answer questions" (MOTORSPORT, 1/16).
NEGOTIATION CONCERNS: MOTORSPORT's Straw & Barretto reported McLaren F1 Exec Dir Zak Brown warned talks surrounding the future of F1 beyond '20 must not become "destructive." Each team has an individual bilateral contract with Formula One Management tying it to the championship and these expire at the end of '20. Talks regarding "what form the next agreements will take" are ongoing. Brown said, "My big concern now is the negotiations for the new contract will be tough, some teams will be tougher than others and I think we know who. I hope, but I'm not confident, that they can negotiate behind the scenes and not too much through the public, which I don't think it's going to be the case because they already are" (MOTORSPORT, 1/16).