Carey: It's better to do it right than to rush it

In the wake of the latest postponement, speaking as a guest on Servus TV, Carey said, "It makes sense to allow the new regulations to mature until October."

It would have taken brave leadership to rewrite a revolutionary Formula 1 mandate for the future, but it appears that the FIA, Liberty Media and other F1 stakeholders have agreed on watered down version of the current regulations, with the elephant in the room being the question of a cost cap which is set to be $175-million per year per team.

But not included in that amount are a bunch of extras - such as driver salaries, marketing costs etc - costs likely to boost those figures substantially, while at the same time providing teams a grey area that will dilute plans to close the gap to the 'haves' and level the playing field for the 'have-nots' in the new era.

Carey explained, "We are a global sport so there is always a lot to do because we have to take care of many things. The Paris [stakeholders] meeting is about the future of the sport, what F1 should look like, how the sport can bring more drama to the fans."

"We discussed this the teams, we spoke with our partner the FIA and we came to the conclusion that it makes sense to extend the deadline for the 2021 regulations and beyond. It's better to do it right than to rush it, so we decided to extend until October.

"The fans are the reason why we race at all. On the other hand, we need the expertise of professionals to make the right decisions. We want to protect the sport and retain what has made it great. We have to improve the on-track competition, while races should be exciting and dramatic."

A raft of suggestions are on the table, for example: a ban on tyre blankets, no driver-to-pit radio communication, a change in race weekend format are among numerous ideas being considered.

"We have a whole list of recommendations, from A to Z," acknowledged Carey. "Several pages long. We appreciate the suggestions, whether from teams or from fans. Which decisions we ultimately implement are still unclear. There are many ideas that we now have to work through point-by-point. And then we have to decide which path we think is correct."

https://www.grandprix247.com/2019/06/13/2021-formula-1-regs-to-be-presented-in-october/