Published: Sat, November 02, 2019
Sport | By Ruben Hill

Formula One: Hamilton signals he is ready to clinch title in style

Formula One: Hamilton signals he is ready to clinch title in style

The first ever set of FIA financial regulations has been approved by the World Motor Sport Council, which includes a $175million spend cap.

The idea is to reduce the effect of "dirty air" from a vehicle in front on one trying to follow.

But teams that violate the racing budget cap could face penalties, including losing a championship.

While technical regulations will create more standard parts and make the cars slightly heavier and slower, the biggest change is likely to be the new limit on what teams can spend.

Certain aspects of team expenditure will not be covered by the cost cap, including marketing costs, driver salaries, heritage asset costs, year-end bonuses, depreciation and amortization, non-F1 activities, entry fee costs and the three highest paid people in the team.

FIA president Jean Todt via a video link, F1 CEO Chase Carey, F1 managing director of motorsports Ross Brawn and FIA head of single-seaters Nikolas Tombazis were in attendance to explain the significance of the rule changes.

The rules now state that all teams must run at least two practice sessions with drivers who have completed two Grands Prix, or less, in order to give the next generation of F1 stars their moment in the spotlight.

The season will also expand to a maximum of 25 races, a figure that is sure to alarm many in the sport.

Through 18 races this season, F1 has averaged 671,000 viewers on ESPN networks, an increase of 19 percent over the average of 561,000 at this point previous year on ESPN networks and up 24 percent from the average of 542,000 on NBC networks in 2017. Tyre blankets, meanwhile, will not be scrapped as once proposed, instead remaining for 2021 and 2022, albeit with restrictions.

"We'll add races only if we think it really adds to the sport", Carey said. We're still graced with a sport featuring a trio of top teams, a chasing pack and consistent backmarkers held back by comparably minuscule budgets. What do you think - will the new F1 regulations spice up the racing?

The restrictions on how many parts teams can supply other teams are only concerned with what is supplied, in other words only those components that fall into the category of Transferrable Components or Prescribed Design Components. The rule makers believe they have left enough freedom in the new rules to allow teams to add their own details and little touches that the avid fans love to see.

It could be argued that the current cars all look very similar - F1 has done tests that show how hard it is to tell them apart without their liveries, as has historically been the case. Well, all we've done is we've actually made it worse because the cars can't race each other. We receive constant reminders of the difficulties drivers have to compete with another vehicle when the performance difference is not here.

"What the FIA publishes today is the best framework we could possibly have to benefit competitors and stakeholders, while ensuring an exciting future for our sport".

Hamilton, already the most successful driver in US Grand Prix history with six wins including five in Texas, has designated the Circuit of the Americas a "good hunting ground", making it the ideal spot to clinch another title.

Like this: