Two-day race weekends it’s absolutely important

“The crisis we’re in now is the final wake-up call that a sport which was unhealthy before and not sustainable has now reached a point w...

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“The crisis we’re in now is the final wake-up call that a sport which was unhealthy before and not sustainable has now reached a point where we need big changes and drastic changes as well,” says Seidl. “For us the most important thing is we simply make the next big step on the budget cap.

“We think it’s absolutely important now with all the financial losses we will face this year - the magnitude of it still being unknown because so far we don’t actually know when we can go back racing - I think it’s important to first of all combine with all the other measures like freezing the cars (carrying 2020 chassis into 2021) and so on to survive this year.

“It’s also important for our shareholders to show them that the losses you make this year we can somehow compensate them over the next few years. [FIA President] Jean Todt is having - together with Chase [Carey, F1 boss] - a lot of meetings individually with the teams which are there to make decisions, big decisions, in order to protect the teaming also the future of F1. I would say we’re very happy with what we’re seeing there.

“Of course we would like to see the budget cap as low as possible, we have put out also the number of $100m which is something we would be in favor of. At the same time, we understand that obviously, it’s a discussion that involves a lot of different parties and a lot of different teams with different sizes at the moment.

“The biggest risk is we lose teams if we don’t take decisive action.”

The teams will meet via conference call on Thursday to continue their discussions.

When can we go racing again? Well that’s the million-dollar question. The truth is, as of this moment, no one really knows. In some countries, restrictions are being relaxed as governments feel they are getting on top of the outbreak. Others remain in lockdown with the death toll continuing to rise.

A plethora of options are being evaluated, including holding races behind closed doors without fans, but we are not currently at the point where firm decisions can be made.

“It’s a very difficult topic and it will be depending on a lot of different aspects,” says Seidl. “The most important thing is to protect our people, so we definitely can’t go back to racing until we definitely know that our people are safe.

“Then I think it will simply depend on the guidelines of our home counties first of all - travel guidelines, the guidelines we get for our daily life - because we need to see if that allows us to travel out and back into our home countries.

“Then we have to simply wait what the different countries are deciding, whether races can happen. Then we need to see what the promoters are deciding, because especially with changes of dates for a lot of races, the promoters need to be up for it and it needs to make sense from a commercial point of view for the promoters and Formula 1.

“Also what is an important point is the public acceptance of events happening again because it’s important that we only go back to go racing once we have certainty when it comes down to protective equipment, to the number of tests for people, that this is all in place and available to people that actually need it and that we are not the ones burning these tests or this material just to go back racing.


“There’s a big desire from people - from the public, from the fans - that especially in these lockdown situations we are all in at the moment that sporting events are happening again, even if it’s just on TV. But again there are a lot of different aspects that need to be considered.”

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