Zach Brown, CEO of McLaren Racing, believes that in two or three years’ time, due to the transition to limited budgets, the Formula 1 teams will converge in their capabilities, and this will make the World Championship even more interesting and popular.
Zach Brown «I don’t remember Formula 1 ever being more popular than it is now. I have not yet seen the economic situation of the teams being healthier so that the sport had as many sponsors as there are now – including McLaren.
Formula 1 has record-breaking TV viewing figures, record-breaking race attendance statistics and our digital platforms are booming. All this is great, but what impresses me the most is the process that has started quite recently: after the transition to limited budgets, we will see that the strengths of the teams will gradually level off.
If before we had one or two dominant teams, soon there will be five or six teams that can compete for victories, and three or four of them will claim victory in the championship. Then Formula 1 will become even more interesting and it will have more fans.
The development of our sport continues, new races appear in America, the Middle East and thanks to the transition to limited budgets, all teams can afford to compete in Formula 1. When I started working at McLaren, I suffered the team lost that reached $150 million, and these are the official stats. And now we earn more than we spend, and we are already receiving income.
I think it will be another two years before the effect of the transition to limited budgets is maximal. All teams are already at the same cost level, but some have created a more powerful and efficient infrastructure. For example, we are continuing to build a new wind tunnel, but also a new simulator.
Most teams are already around the same level in terms of annual costs, but some have access to more modern technology, some have better infrastructure and we are trying to catch up with them.
Moreover, when Formula 1 goes to a new technical regulation, someone manages to do everything right, someone makes mistakes. Everyone sees this and strives to focus on the best. As this technical regulation stabilizes, those who are left behind now will overtake the leaders in a few years, and that will be great.”
Source: F1 News
I’m Todderic Kirkman, a journalist and author for athletistic. I specialize in covering all news related to sports, ranging from basketball to football and everything in between. With over 10 years of experience in the industry, I have become an invaluable asset to my team. My ambition is to bring the most up-to-date information on sports topics around the world.
