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JOHNNYBET

The details and objectives of the GPWC

NEWS STORY
26/01/2005

Principal Objectives

To establish a framework for Grand Prix Motor Racing which:

Retains Grand Prix Motor Racing’s position at the pinnacle of motorsport

Provides the basis of a long term plan for the prosperity of Grand Prix Motor Racing and all its stakeholders, including teams, sponsors, and circuits

Supports and encourages the participation of independent teams through technical assistance and engine supply

Attracts, excites and provides good value to fans globally

Is open, transparent and fair in commercial, technical and sporting governance

Technical Format

Rule stability to encourage innovation, cost control and economic certainty.

To maintain Grand Prix Motor Racing as the most advanced motor racing formula

Sufficient opportunity and technical freedom for teams, engine manufacturers and suppliers to use the sport to showcase their technology through differentiation and innovation and to challenge their engineering skills.

To eliminate high cost technologies which do not provide differentiation or have relevance to other industrial sectors.

To provide a safe environment for drivers, spectators, team personnel and race officials.

To reduce costs in a structured and well planned manner that does not surprise the teams or result in unforeseen consequential costs.

To evaluate cost cutting proposals in the wider context of the sport’s appeal to its fans and balancing them with the requirements of the technical challenge.

To achieve fastest lap times on any grand prix motor racing circuits.

To include technologies relevant to current and future mainstream road cars.

Driver skills should remain a differentiating factor.

Sporting Framework

To entertain, excite and attract spectators, viewers and sponsors

To attract the best available drivers, circuits and team personnel in the world.

To maintain perception of sporting “purity” with no artificial handicapping.

To ensure results are instantaneous and available immediately.

To reward good teamwork.

Commercial and Sporting Governance

To provide substantive fairness for all competitors and other stakeholders in respect of all aspects of the sport including sporting, technical and commercial matters.

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