Formula 1 teams need to be given clarity over the sport’s future direction during a key meeting in London on Tuesday, says Haas team principal Guenther Steiner.
A meeting of the Strategy Group will be followed by another of the F1 Commission, the latter of which will involve all teams. During these meetings, commercial rights holder Liberty Media is expected to provide more detail on its plans for the sport from 2021 onwards, when the current commercial deals expire.
Steiner says the full range of what will be discussed is still unknown, but he is keen to see a more clear direction laid out to allow teams to make plans from a business standpoint.
“We need clarity as there is a lot of talk going on,” Steiner said. “But I think Chase (Carey, Formula 1 CEO) is ready to present something to us, so let us see what he presents and go from there. I don’t know what is in there – we all talk between each other, but I don’t know what FOM (Formula One Management) has come up with.”
When it was put to Steiner that it must be frustrating for the process to be taking so long – Liberty last held a major meeting with the teams a year ago in Bahrain – he admitted that things will start to become more difficult if a final direction isn’t agreed and delivered upon over the next three months.
“I don’t know if frustrating is the right word, but we need to get to the point where we know what is going to happen in the future, otherwise we cannot run our business,” he said. “F1 business… you cannot start to develop with no technical regulations, and for us everything starts at least a year or 18 months early.
“We are only 21 months away from the new season, so we haven’t got a lot of time left. I think they realize that, so we need to come out with something and let it be what it is. There are a lot of things; the governance, the commercial agreements, the budget cap, the technical regulations. If we get it all done in one meeting, then good for us. But good luck.”