Liberty presented their vision of the future today in a presentation to the teams. It is rather loose so expect lots of speculation and argument before this is all agreed. The Bullet points in the press release are below. It all sounds promising but the exact details of how they are going to achieve this wish list has not been stated. Liberty reveals vision for cheaper, more spectacular F1 Power units (PU) • The PU must be cheaper, simpler, louder, have more power and reduce the necessity of grid penalties. • It must remain road relevant, hybrid and allow manufacturers to build unique and original PU. • New PU rules must be attractive for new entrants and Customer teams must have access to equivalent performance. Costs • Liberty believes how you spend the money must be more decisive and important than how much money you spend. • While there will be some standardised elements, car differentiation must remain a core value. • Implement a cost cap that maintains Formula 1 position as the pinnacle of motorsport with a state-of-the-art technology. Revenues • The new revenue distribution criteria must be more balanced, based on meritocracy of the current performance and reward success for the teams and the Commercial Rights Holder. • F1s unique, historical franchise and value must and will still be recognised. • Revenue support to both cars and engine suppliers. Sporting and technical rules & regulations • It wants to make cars more raceable to increase overtaking opportunities. • Engineering technology must remain a cornerstone but driver's skill must be the predominant factor in the performance of the car. • The cars must and will remain different from each other and maintain performance differentiators like aerodynamics, suspensions and PU performance. However, we believe areas not relevant to fans need to be standardised. Governance • A simple and streamlined structure between the teams, the FIA and Formula 1.