Is Formula 1 heading for the abyss - with 300 km/h?
Immediately, it could well look like this.
Mercedes won the WORLD championship six times in succession, and thus gained lots of PR value for the billions it has cost to keep Lewis Hamilton and co. running. Anyway, said team boss Toto Wolff recently that there is no guarantee that the German factory will continue in Formula 1 after next season.
the Rumors of Mercedes' upcoming Formula 1-exit has gained further momentum, after the factory in this season are entered in Formula E for electric cars. It is still to be seen on the electric motors really are more environmentally friendly than internal combustion engines, but right now, it works Formula E more palatable than Formula 1 for the parts of the Mercedes board.
At Renault seems Formula 1-the future is not certain. After a period of failing sales have just set in motion a comprehensive savings exercise, and the group's new top executive has specifically mentioned the Formula 1 programme, which is one of the areas you are looking at.
Honda, which after a long, frustrating run-finally starting to win, has also re-evaluated their Formula 1 programme in recent weeks. You have just decided to continue with Red Bull and Toro Rosso to 2021, but a one-year extension does not suggest much faith in the sport's future.
If Mercedes, Renault and Honda stops in Formula 1, leaving it seven of the 10 teams without engines. So there are only three teams back – Ferrari's own team, Alfa Romeo and Haas.
It looks like a total meltdown for the Formula 1.
BUT - there is a hidden agenda. And as always in the world's most expensive sport, it is about money.
although the Formula 1-the organization recently has presented both a new regulation for the 2021 and a ’green’ agenda, is missing you still have to get the economic contract, the so-called Concorde agreement with the 10 teams in place.
The current agreement, which will distribute the sport's revenues between Formula 1-the organization and the 10 teams, will expire after 2020. It has long been negotiating a new contract, and the 10 teams have the pressure on to get a greater share of the revenue from TV rights, perimeter boards, VIP-lodges, etc, which is administered by the Formula 1 organization.
It is at the background, you should see Mercedes, Renault, Red Bull-Honda's and Haas' threats to pull out. Factories and teams are scrambling to position themselves for the economic struggle, which must be decided in the coming months.
Formula 1-the organization that is owned by the publicly traded company, Liberty Media, will be in the interests of its investors to keep as big a part of the sport's revenue as possible.
On the other side of the negotiating table will the 10 teams have as great a share of the pie as possible, for, though the introduction of a so-called budget cap from 2021, is Formula 1 still the world's most expensive sport.
And the best way to squeeze the Formula 1 organization to close up the wallet, is threatening to pull out.
Updated Date: 30 November 2019, 11:00