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Cost cap could be introduced by 2021
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FORMULA One owner Liberty Media plan to introduce a cost cap and help make engines cheaper and louder in their future blueprint for the series.
US-owned Liberty took over last year after Bernie Ecclestone’s 40-year reign. F1 managing director of motorsports Ross Brawn presented the ownership’s plans beyond 2020 when the current rules, known as the Concorde Agreement, expire.
“We are driven by one desire: to create the world’s leading sporting brand,” F1 CEO Chase Carey said.
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