The negotiations have concluded and the regulations for the 2020 and 2021 Formula 1 campaigns set, a process Red Bull team principal Christian Horner says has been 'painful for the bigger teams'.
Ferrari, Mercedes and Red Bull operate on by far the largest budgets in Formula 1. As such, the new regulations, specifically the $145million spending cap that comes into force from 2021, represent a significant level of cooperation from those at the front.
“I think there’s been a lot of pragmatism involved in the decision-making," Horner told the Sky Sports F1 Show.
"I think the big teams have moved a huge amount to accommodate the changes and react to the pandemic and to react to the changes in the world. That’s painful for the bigger teams and it will involve, obviously, the reshaping of teams."
Although the changes may be difficult for the 'big teams' to accommodate in the short-term, Horner says he accepts the change is a good thing for F1 in the long run.
As with any new set of regulations, teams will be searching for every possible loophole, and this time things are no different, with Red Bull seeking "clarifications" over some of the finer details.
Horner added: “We now have a set of regulations which I think is good. We can now start to digest those and see what effect that has on the team for 2021 and beyond, but I think, for the sport, it’s a healthy thing.
"We’ve supported it for the benefit of the sport for the longer term and, whilst there are still some clarifications, I think overall it’s the right direction for Formula 1.”
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