A second conference call between the teams, F1 and the FIA on Thursday – after an initial discussion Wednesday – resulted in an agreement for the major new technical rules to be pushed back to 2022.

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If you ever wondered what our @WilliamsRacing motorhome is like, here’s a quick tour ⬇️ R A C E D A Y #UnleashTheLion #KeepPushing #BelgianGP If you ever wondered what our @WilliamsRacing motorhome is like, here’s a quick tour ⬇️ R A C E D A Y #UnleashTheLion #KeepPushing #BelgianGP A prospective new entry on the Formula 1 grid has pushed back its plans by at least one season, according to reports this week.A brand new F1 team was first hinted at by reports last October linking motorsports management company Monaco Increase Management to Spanish motor racing team Campos Racing.While MIM insisted at the time that it was moving full steam ahead with its plans to put cars on the grid from 2021, FIA president Jean Todt denied seeing any "solid" proposals from any potential new teams.However the business subsequently stated that its CEO and founder Salvatore Gandolfo had held talks with Formula 1 chiefs on a number of occasions through 2019. “But what we’re saying to these teams is ‘let’s introduce the rules first and stabilise the situation before we start looking for new teams’.” Portimao planning for F1 spectators .

And if we do get any extra teams they have to really add to the show. Find out more about how we use cookies by reading our This website uses cookies to improve your experience while you navigate through the website. "With the new budget cap, the new distribution of incomes and the new technical and sporting regulations, there is a great opportunity for smaller teams to compete and ultimately to make the FIA Formula 1 World Championship more interesting and balanced again," the company said in a statement last year.The introduction of these new rules have now been pushed back to 2022 due to the impact of the coronavirus pandemic delaying the start of the current season, and MIM has accordingly set its own plans back by a year in response.He said that if the new cost cap rules came into effect, "I would have to find around 20 million euros more for a 100 million euro budget. "That means we need as many cars as possible on the starting grid. "We need more time after discussions with our investors, the FIA and Liberty before we can say more."

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