Some of these are more realistic than others, but it gives a sense of how I would envisage F1 ideally:
1. Absolute fairness in prize money allocation:
- All teams who complete an F1 season (appearing in all events for that year) are awarded participation money. This is 75% of the prize money pot.
- Teams are then awarded further monies based on championship position. These are relatively small incremental sums, making up the remaining 25% of the prize money pot.
- This means that back marker teams and new entrants have the ability to run sustainable F1 teams and have more of a chance of being able to climb the competitive ladder.
- Bigger teams at the front of the grid are likely to have much stronger private technical and sponsorship deals based on their name and success, so limited prize money isn’t a handicap for them.
- All prize/participation money is based on one season, not an aggregate of recent seasons. No Ferrari bungs, absolute fairness.
2. Relatively open engine formula:
- Constructors are permitted to run any configuration of 6 or 8 cylinder, turbo charging and energy recovery systems are allowed, but not compulsory.
- No mandated limit on fuel, but engines are restricted to 1000 BHP. This will force teams to solve the equation of creating the most power and most fuel efficient engine as possible. This will add technical interest for fans, as you could have a 1000BHP gas-guzzling Ferrari racing a 700BHP fuel-efficient Mercedes for example.
- With this formula, engine designs are bound to converge over time, but I see that as a positive because it will create competitively-conceived powerful but fuel efficient power units that would do more to further the cause of road-relevant engine technologies than the current over-complex V6T marketing engines do.
3. Simplified aero and increased mechanical grip:
- Front wings are mandated to be more simple and narrower. Rear wings must be lower and smaller. Bodywork development is permitted, but only in certain areas. Larger diffusers and flat bottomed cars. Wider rear tyres.
- This is designed primarily to drastically reduce downforce, making the cars harder to control.
- It is also designed to make the cars look and behave meaner and to reduce the affect of turbulent air on trailing cars.
- This will also lead to the redundancy of DRS.
- While a lot of aero development is restricted, front & rear wing development and bodywork appendages in certain areas are still permitted so that F1 retains and builds on its expertise in this area. This is designed to ensure F1 remains at the cutting edge of engine, mechanical and aero development.
4. FOM commercial activities:
- Complete pie in the sky stuff this, but it would take place if F1’s commercial ownership was intent on increasing the financial strength of the sport rather than bleeding it dry for their own profits…
- Title sponsorship of the Formula 1 World Championship itself, much like how the Premier League is sponsored by Barclays.
- Measures to improve TV viewership, circuit attendance and general public engagement. This would include reduced entrance to circuit costs and the sale of TV rights to free to air broadcasters only, at least in major traditional motorsport markets. The cost of this would be offset by the title sponsorship, as would improved merchandising at the circuits.
- This (in conjunction with the more exciting cars and racing outlined above) is a strategy to increase the interest and fan engagement of F1, to attract more sponsors for the teams and to enable the circuits to sell out and make hosting a GP commercially attractive and financially beneficial.
5. Circuits:
- Replace large tarmac run offs with something that can punish driver error, but retain safety standards . This could be a combination of gravel traps, progressively-sticky surfaces and other, previously not considered solutions.
- Circuit location suitability needs oversight, to prevent races taking place in places that will not attract fans, won’t provide great racing and/or won’t add to the historic and prestigious image that F1 aims to portray. Locations such as Abu Dhabi, Sochi, South Korea and Azerbaijan would be under threat from this arrangement. In addition, there is a set maximum price that circuits have to pay to get an F1 licence, this means that rich emirates in the middle of nowhere can’t buy a race just by throwing more money at FOM and this would also protect classic circuits such as Monza and Spa.