Formula 1 CEO Chase Carey says Liberty’s plans to change the power unit regulations for 2021 and address spending are necessary to attract new teams to the sport. Proposals for simpler engines with more standardisation were not well received by the current manufacturers when they were announced earlier this month. However, F1’s new bosses see the changes - along with the yet-to-be-finalised plans to control spending by the teams - as vital to expanding the grid. “I think the most important thing we can do is make the business model for owning a team much better,” said Carey. “Today when I talk to some of the entities that you’d like to have in the sport, or think about being in...
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