5 Things That Could Happen If Liberty Media Sell Formula One

This past Monday, news broke that Liberty Media might be looking to sell Formula One. If that wasn't bizzare enough already, reports are suggesting that former supremo Bernie Ecclestone could be in line to buy back the sport for a fraction of what he sold it for (the latter is unlikely, but some of us can dream). Despite the fact that Liberty only bought F1 two years ago, they have come under fire for a lot of their decision making - so they might just want to cut their losses now and sell.

But what would happen then? With that in mind, I've come up with a list of five things that could happen if Liberty sell F1 to a new owner...

5) BERNIE ECCLESTONE REGAINS POWER

Despite being 88 years of age, Bernie Ecclestone still has an active interest in the sport - and is a frequent visitor to races. If a new owner was to come in, they would want someone with experience, then Bernie might be the to-go option. Whether you love him or hate him, Bernie changed Formula One as a sport and as a brand during his four decades in charge. Alternatively, if Bernie doesn't want to do it...

4) ROSS BRAWN BECOMES THE SUPREMO OF FORMULA ONE

This is a no-brainer in my mind. Ross Brawn has won championships as a technical director with Benetton and Ferrari, and most famously won the drivers and constructors titles with his own team, Brawn GP, in an unforgettable 2009 season. Despite being the Managing Directors of Motorsports in the Formula One Group, it is clear he has the know-how and negotiational skills required for the Chairman's seat - currently occupied by TV executive Chase Carey. If this happens, expect the management and ambition of F1 to become a lot clearer under Ross Brawn.

3) F1 TV PRO COULD BE EITHER RELAUNCHED OR DEACTIVATED

F1 TV Pro has been nothing short of botched since it first launched - as the service was plagued by technical difficulties, which prompted a raft of refunds. Although it has moved on from those problems somewhat, it needs to change drastically or face the axe from new ownership. An idea for a relaunch would to have the service model something like the WWE Network - providing re-runs of old races, live coverage of current season races and original programming such as documentaries, behind-the-scenes, etc. It would be a big risk, but one that could save the product.

2) APPLICATIONS FOR NEW TEAMS ENTERING IN 2021 COULD BE OPENED

Remember how exciting the raft of applicants for new F1 teams was in 2009? It was a sign that the sport was changing for the good, and eventually four applicants were chosen (although USF1 failed to make it onto the grid). But then, they started leaving due to a lack of funds within a four year period from 2012 to 2016 - leaving the line-up of teams feeling somewhat empty. This could work again in the present day, but one little thing would need to happen first...

1) A MANDATORY BUDGET CAP COULD BE INTRODUCED FROM 2020 ONWARDS

A budget cap makes all the sense in the F1 world right now. Costs are spiraling out of control, and it is clear to see just by looking at last year's constructors standings as to which teams have the biggest budgets. This is something that should've been implemented years ago, and although it won't change the running order of the grid immediately - it will attract potential new teams to the sport, over time the existing smaller teams will start to close the gap to the top three, and maybe one of the midfield teams might take the fight to Mercedes and Ferrari...

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