Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

F1 strategy meeting must be decisive, says Horner

Published 30/06/2015, 15:51
© Reuters. REUTERS - Monaco Grand Prix 2015
RENA
-

By Alan Baldwin

STONY STRATFORD, England (Reuters) - Formula One needs to make real strategic decisions at a meeting on Wednesday after talking a lot about change and delivering little, Red Bull team principal Christian Horner said on Tuesday.

"I think it's a crucial meeting tomorrow. Really some actions need to come out of it," the Briton told reporters at a pre-British Grand Prix event near the team's headquarters in central England.

"The time for talking has now come and gone. There need to be some definitive actions following the meeting, which hopefully will be achieved."

The sport's Strategy Group, which includes six leading teams (Mercedes, Ferrari, Red Bull, McLaren, Williams and Force India) along with the commercial rights holder and governing FIA, is due to meet in London before the sport gathers at Silverstone this weekend.

Previous meetings have produced meagre results, with the main headline-grabbing decision from the last one being a return to refuelling -- an idea which now lacks support.

Concerned about dwindling audiences, even though Silverstone expects a record crowd of 140,000 on Sunday thanks to the local pulling power of world champion Lewis Hamilton, the sport wants to make cars lighter, noisier, faster and more aggressive looking from 2017.

"There is definitely some urgency to see some improvements made, to make it a more exciting sport," Donald Mackenzie, chairman of commercial rights holders CVC, told motorsport.com separately.

Red Bull's partners Renault (PARIS:RENA), and others, also want to be allowed to develop their engines during 2016 to close the gap on Mercedes.

However Horner said the group, which he dismissed only a week ago as 'inept', needed to look at the bigger picture more than the detail.

"The whole purpose of that group is to decide the strategic direction of the sport in the future, it's not there to finalise regulations," said Horner, who has advocated appointing an independent and highly respected figure such as former principal Ross Brawn to help write the rules.

"What we need to do is all get onto the same page. It's a key element to tomorrow's meeting," said Horner. "There are some concepts that will be put on the table tomorrow and I think it's important we converge on a majority position.

© Reuters. REUTERS - Monaco Grand Prix 2015

"It's time to take some action now. We've talked a lot, and now we need to dictate a strategic direction for the sport. That's what we need to focus on and achieve out of tomorrow's meeting."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.