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Stefano Domenicali’s Vision for Formula 1’s Future

The recent confirmation of Stefano Domenicali as CEO of the Formula 1 Group for another five years has been largely met with approval from within the motorsport community. Domenicali expressed gratitude for the confidence placed in him by Liberty Media, emphasizing his autonomy in shaping the direction of Formula 1 and acknowledging the support from stakeholders in the paddock.

In the fast-paced environment of Formula 1, achieving consensus is not common. Just two days following the announcement of his contract extension, Domenicali finalized the new Concorde Agreement, which establishes the commercial framework underpinning the future financial landscape of F1.

“We have settled the economic components. What’s pending involves the governance aspect that includes the FIA and the teams,” Domenicali explained. “This is critical in ensuring regulatory stability moving forward. We must shift our focus to be more strategic rather than tactical when it comes to major issues in our sport, necessitating the involvement of the FIA and the teams.”

Engine Regulations and Strategic Directions

Motorsport: Recently, there has been significant discourse surrounding various engine philosophies for the future. What are your thoughts?

Stefano Domenicali: “My strategic vision for F1’s future has been consistently communicated, and it’s now taking shape. During a recent meeting in Bahrain with the FIA and current and prospective engine manufacturers, I observed some attempts to push for an extension of existing regulations, which I believe would have been a mistake. We have to respect the investments made by those committed to this complex arena. Questioning past decisions about power units would be detrimental.”

MS: So, to confirm, you’re firmly committed to progress?

SD: “Yes, we are eager to explore enhancements continuously. Working collaboratively with the FIA, manufacturers, and teams is essential to identify potential improvements. As we approach significant regulatory changes, it’s vital to ensure a system that allows quicker recovery should a manufacturer lag behind.”

MS: Given F1’s competitive environment, this is no simple task…

SD: “Indeed, we must collectively adopt a strategic mindset. Prolonged dominance by any single team can be detrimental to the sport’s overall appeal. Formula 1 is experiencing remarkable growth and becoming a global standard, which we should celebrate while exercising caution.”

Addressing Economic Challenges

MS: Reflecting on your experiences during the 2009-10 era when many manufacturers exited F1, could we see a similar situation arise given the current economic fragility?

SD: “It would be short-sighted to dismiss that possibility given the current global economic conditions. The departure of Renault, alongside other potential exits, underscores the reality that significant manufacturers are vital. However, should the industry encounter major difficulties, tough choices will arise. Our responsibility is to streamline operations and cut costs while ensuring that there’s a technical connection to road-relevant technologies, such as sustainable fuels that can complement electric vehicles.”

MS: You mention simplification frequently—can you clarify what this entails in practice?

SD: “We need to reconsider where value and technological interest lie. Emphasizing sustainable fuels is a necessary step forward. Furthermore, investing heavily in unique gearboxes no longer provides substantial performance gains, nor is it exciting for fans. We must pinpoint the intersections where technology and entertainment align. Developments that once seemed avant-garde now warrant reevaluation.”

Technical Controversies and Race Dynamics

MS: With discussions surrounding flexible wings heating up again, do you foresee a resurgence of technical controversies?

SD: “I’ve witnessed quite a few controversies throughout my time in motorsport. While today’s debates may seem insignificant compared to the past, they add flavor to the sport. It would be enjoyable to see a bit more of that excitement.”

MS: Regarding the Las Vegas Grand Prix, has it met financial expectations?

SD: “The event has been a resounding success. However, new projects often take time to yield financial returns. Las Vegas has significantly raised F1’s profile, proving beneficial in securing various commercial agreements.”

MS: Is Las Vegas a true representation of the ‘F1 system’?

SD: “Absolutely. While acknowledging the high costs for the local community, the Las Vegas Grand Prix is now under our management, allowing us to optimize operations and enhance economic returns. The substantial financial impact from this event has consistently surpassed expectations, and we’re committed to further investment in this project.”

Future Plans and Market Expansion

MS: What is the current status of a potential race in Africa?

SD: “It would be inaccurate to say we are on hold. We continue to evaluate the necessary investments, infrastructure, and economic viability before proceeding. There’s still work to be done before we can confidently commit.”

MS: How has Lewis Hamilton’s potential move to Ferrari affected F1?

SD: “As an Italian, I can say this has generated unparalleled interest, boosting visibility for Formula 1. Like any sport, success will depend on consistent results, which necessitates patience as dynamics shift with new team environments.”

MS: The recent approval of an 11th team—what does that mean for F1?

SD: “The introduction of the Cadillac project represents a strategic initiative to enhance our footprint in the U.S. market. They’re now tasked with selecting competitive drivers and ensuring their success. A reputable brand like Cadillac could significantly impact our growth trajectory and potentially lead to more U.S. races.”

MS: Will the race calendar remain capped at 24 events?

SD: “Yes, we’ve confirmed that the maximum for races will remain at 24.”

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