F1 could delay rule package to 2023, says Red Bull boss Horner
LONDON: The coronavirus crisis could lead to Formula One Already postponed the rule revolution of 2021 which is being delayed further until 2023, Red Bull team leader Christian horner he said Tuesday.
So far, the package has been delayed until 2022 to save costs at a time when sport and teams face significant loss of revenue due to lack of racing as countries go into lockdown.
The season has not yet started and so far two of the 22 planned races have been canceled, the Australian first game and the May showcase in Monaco, and six postponed without any probable action before the European summer.
Formula One has said teams will continue to use this year's cars in 2021.
We are also talking about delaying the new regulations for another year, because in my opinion it would be totally irresponsible to bear the burden of development costs in 2021, Horner told the BBC.
There seems to be a reasonable agreement but it needs to be ratified by the FIA to delay those development costs in 2022 for introduction in the '23 season.
The most important thing we need now is stability.
Formula One derives most of its revenues from hosting fees, global television contracts and sponsorship and faces a massive financial hit if grands prix cannot be run, but Horner said the sport would survive.
Obviously, some teams are more exposed than others, especially small ones, and it's important that we do everything we can to protect the F1 community to the best of our ability, he added.
Red Bull 's head of driver development Helmut Marko said over the weekend that the trade rights holder Liberty Media I expected a loss of $ 200-300m in revenue.
Marko also astonished many in that interview with Austrian broadcaster ORF when he revealed he had suggested it would be good for Red Bull 's drivers to get infected with coronavirus now so they would not get sick once racing resumed.
Horner, whose team is actively involved in a 'Project Pitlane' initiative to make more fans, said Marko's comments had never been taken seriously.
It was in many ways a disposable comment before understanding the severity of the pandemic, he said.
Things like the fan project we're working on demonstrate how seriously we are taking this and how much effort is being put into.