F1's new 2021 regulations to include US$175m spending cap

Charles Leclerc Ferrari SF90 leads at the start of the race

Having spent more than two years analyzing the current state of competition in Formula One, the series, along with its governing body, the FIA, has announced sweeping changes to its regulations that will take effect with the 2021 season, coinciding with the introduction of a brand-new race vehicle.

A $175m cost-cap will also be introduced as a new addition to cut the amount of money teams spend over a season. However, it excludes marketing costs, the salaries of drivers, and of the top three personnel at any team.

At long last Formula 1 has finally released its regulations for the 2021 season and beyond, with the punters and better racing at the heart of the overhaul. "The goal has always been to improve the competition and action on the track and at the same time make the sport a healthier and attractive business for all".

The announcement was made at a special press conference at the US Grand Prix, after the FIA World Motor Sport Council unanimously approved the rules, and was presided over by FIA President Jean Todt, F1 CEO Chase Carey, F1 motorsport managing director Ross Brawn and FIA technical head of single-seaters Nikolas Tombazis.

The revamp follows two years of discussions between teams, governing body and US-based commercial rights holders Liberty Media and other stakeholders. What do you think - will the new F1 regulations spice up the racing? Brawn promised the key to winning under the new regulations will be quality, not quantity, of spend. The 2021 auto previewed here features a "wing-tipped" front wing that appears deeper and more substantial than the 2019 car's front aero element.

It will be some 25kg heavier, with simpler front wings, no bargeboards and bigger wheels.

‘Journey’ to perform at Van Andel Arena next summer
The lineup has shifted over the years, though original singer and founding member Chrissie Hynde has remained throughout. The iconic rock band will come to West Michigan on July 8 for a show at Van Andel Arena.

The new aerodynamics package will allow for a cleaner airflow behind a auto; the current F1 cars lose around 40 to 50 percent of their downforce when following in another car's wake but the 2021 cars will drop that to around 5 to 10 percent, making not only close battles easier but overtaking as well. The current cars lose 40 to 50 percent of their downforce when another auto follows closely and the vehicle behind rides in that dirty air.

The new cars for 2021 boast a new design philosophy and look. However, more so than the aesthetics, the changes are to create closer racing.

Up and coming drivers will also get more seat time, as all of the teams on the grid will have to run a driver with two Grands Prix' or less experience in at least two free practice sessions per season. The power units will remain unchanged.

"The cars are more spectacular now, and have been since 2017", he said referring to the introduction of the current record-breaking breed of F1 cars. And standardised parts, like fuel pumps; parts that have standard designs like for wheel covers; and restrictions on the number of times certain parts can be replaced, will be introduced.

The US$175 million spending cap, which covers the calendar year, relates only to vehicle performance, and excludes other expenditures such as marketing costs, driver salaries, and pay for each team's three top personnel.

While this new aesthetic is meant to enable closer racing, a $175 million (£135m) cost cap - written into a new F1 Financial Regulations document - is expected to really mix things up.

Related News:

Most liked

Protesters in Hong Kong defy face-mask ban to demand greater democracy
China denies meddling and has accused foreign governments, including the United States and Britain, of stirring up trouble. One reveller with the clown dressed in red, who gave his name as Gordon, 43, said: "I hope no police, no war tonight".

Redskins' Williams reveals cancer scare, explains holdout
Williams said doctors removed the growth weeks before it would have reached his brain. It ended up being classified as Dermatofibrosarcoma Protuberans (DFSP).

Jho Low settles with DoJ all cases linked to 1MDB
Goldman Sachs has challenged the charges in Malaysia, where the government is demanding billions of dollars to settle the case. It also pointed out that Low was still on trial for charges related to the 1MDB scandal in two U.S. districts.

Linda Hamilton crisis on Terminator return
A new Terminator called Rev-9 ( Gabriel Luna ) seeks to rub her out before she can rise to rally the masses against the machines. In " Dark Fate ", the young woman is Dani ( Natalia Reyes ), a factory worker who lives in Mexico with her brother and father.

Amelia Bambridge: Body of missing backpacker found in sea
Six men who worked in the area were questioned about her disappearance but all were released without charge. Provincial Police Chief Chuon Narin also confirmed to CNN that the body recovered belonged to Bambridge.

Ramsey’s career day lifts Hoosiers over Cornhuskers 38-31
The drive quickly ended in NU's first punt, giving the Hoosiers the ball back at midfield with 3:37 still to play before halftime. That seemed to almost give IU its footing, even after a near three-and-out was given new life on a Hoosier face-mask penalty.

Facebook suspends dozens of Russia-linked accounts targeting Africa
More than 450,000 people followed one or more of the accounts, and the fake accounts spent about $160 on Facebook ads. For Facebook, the evolution of Russia's disinformation techniques means it can not afford to lose vigilance.

Jamal Adams Puts The Jets On Blast For Trying To Trade Him
You know what I mean? In four and a half seasons with the Jets, Williams recorded 240 tackles, 32 tackles for loss and 17 sacks. Whether that remains the case after the season could depend on the conversations he eventually has with Douglas and Gase.

Happy Halloween from Hubble Telescope: Otherworldly ‘eyes’ glow in ghostly galaxy
This seriously spooky observation was captured on Jun. 19, 2019 in visible light via the telescope's Advanced Camera for Surveys. But this face won't be here forever - this ring structure which formed the space will be here for around 100 million years.

Taylor Swift to get AMA Artist of the Decade
Taylor Swift , Post Malone , Ariana Grande , Drake and Halsey are nominated for artist of the year. Fans are also gearing up for her Lover Fest East and Lover Fest West events next year.

AT&T's priciest "unlimited" plan now allows 100GB
At one point, AT&T was offering free HBO to all unlimited wireless subscribers but phased out that offer previous year . AT&T is also offering up to $700 in credits for customers who switch and trade in qualifying devices.

Nicklaus leads tributes to 'living legend' Tiger Woods
"The knee wasn't allowing me to rotate and because of that it put more stress on my lower back and hip", he said . That more open and approachable manner has been noted by Woods's fellow professionals, said McIlroy.

Fiat Chrysler, Peugeot to create Dollars 50 billion auto giant?
Potential FCA partners included Volkswagen AG , Hyundai , while talks with Renault were called off earlier this year . Fiat Chrysler "is not facing very good times, and it seems it's getting worse as the time passes", he added.

Tyson Fury wins on WWE debut, defeating Braun Strowman at Crown Jewel
We will have to see whether WWE has Tyson Fury in their future plans for another big match or if this was simply a one-and-done. When I hit him with that piledriving right hand, I can not believe he got back up and slammed me to the floor.

'Zombie' UK parliament may get Brexit boot
Culture Secretary Nicky Morgan of the Conservative Party is among those opting out, citing the abuse she had received over Brexit. Brexit has variously tired , enthused and enraged swathes of voters while eroding loyalties to the two major parties.