Sep.16 (GMM) Formula 1 appears unlikely to return to Mugello next year, despite the success of last weekend’s race at the Ferrari-owned circuit.
Up and down the pitlane, drivers raved about the challenge of the high-speed and ‘old school’ layout in Tuscany, which was drafted onto the 2020 calendar at late notice due to the corona crisis.
“I would love to see the track on the normal calendar,” said Charles Leclerc.
“To be honest, I was a little sceptical at first, but after the race it become clear that there was a lot of overtaking. In that sense, the track is surprisingly good.”
Daniel Ricciardo added: “I think we were all afraid that it wouldn’t be a good circuit for racing, but it wasn’t boring at all. It was one of the most exciting grands prix of the year.
“I’d say a lot of the drivers would like to return. But we also love Monza, so I wouldn’t want it to be at the expense of that,” the Renault driver added.
“It would be great if we could have both.”
Unfortunately, with a ‘normal’ F1 calendar bursting at the seams at 22 races, that appears unlikely.
It is also doubtful that F1’s financial model for race promoters would work for Mugello. This year, some replacement circuits were even paid by Liberty Media rather than the reverse.
“That is of course not the basis of this business,” said Felix Gorner, a journalist for Germany’s RTL.
“The probability that Italy will get a second race is also very, very small,” he added.
Nonetheless, Gorner thinks Formula 1 will miss Mugello in future.
“The circuit not only has charm, it has character. Not least because of the gravel traps that you can’t get out of. That means you can’t make a mistake, or if you do, your race is over,” he said.
F1 Changes Starting in 2021 - After many months of discussions and deliberations, Formula 1’s ten teams have now agreed to the terms of the “Concorde Agreement” that binds them to the world championship for another five years.
This agreement is a contract between Formula 1, the FIA governing body and the teams which wish to compete in the F1 World Championship from 2021 to 2025 and defines how F1’s television revenues and prize money will be distributed.
Formula 1 bosses have been keen to build a strong foundation on which to secure the long-term future for the championship. As such a revolutionary new budget cap will be introduced next year, along with new technical regulations and a new set of sporting rules coming in 2022.
The Covid-19 pandemic has created unprecedented challenges for everyone in 2020, and has served as another reminder that something needed to change. Once the championship restarted, so too could the commercial agreement talks.
By changing the way the prize money is distributed, it was inevitable that some teams would be happy – as they would receive a greater share – and others less so, as they would have a smaller slice.
But ultimately, as they have increasingly done in recent months, all the stakeholders found a way to come together and compromise on the document, which they agreed to in time for the early deadline of August 18th – which brought a small financial incentive.
With the 10 teams signed up for the next five years, and the regulations and cost cap defined, Formula 1 can finally embark on a new era. The new agreement also squashes any speculation that teams like Mercedes or Haas might not be around for the long term.
The hope now is that all F1 teams can develop themselves into robust operations financially while also closing the pack in terms of competitiveness that can in turn improve the racing spectacle.
Roll on 2021!