
The Sky Sports F1 expert had feared for the championship’s future for the past few years as rising costs threatened the existence of several smaller teams and the manufacturers’ ability to engage and compete.
However, he anticipates the introduction of a cost cap, the release of new cars for 2022 and radical regulations to ensure equal competition that have not only secured the future but also made Formula 1 more attractive.
The former F1 driver who started 158 Grand Prix also said the impact of the COVID-19 pandemic on the world’s finances helped everyone take the necessary action.
“Common sense has really broken out,” Brundle told Motorsport.com. “That’s how I see it because you just can’t spend hundreds of millions of pounds a year to drive two racing cars. It had to be sorted out.
“I think the pandemic caught the attention of some important people in that regard too, and they got the job done. I think there are a number of things and I think it is now for sponsors and manufacturers with one credible cost base more attractive.
“Chase Carey [former F1 CEO] has done a very good job over the past few years he’s been there.
“I’m not sure they are [Liberty] F1 understood at all [when they started] I think they were pretty shocked. I think they thought they could change a lot of things very quickly.
“But we had the cost cap [coming in], the Concorde deal, the same playing field, the release of the new car for next year and a number of basic structural things that make the race more exciting so that an AlphaTauri and a Racing Point can win a race again as they last did have year. “
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F1’s attempts to reinvent itself have eliminated Brundle’s worries about the future, and the level of competition shown at the season opener in Bahrain last month underscored his view that F1 is on the right track.
“I am just as confident about Formula 1 and its future as I have been for five or six years,” he added.
“I was really worried if, for example, Renault or Red Bull got out because Honda went and you had Williams on the rocks. But they have new resources and they turn around.
“Force India was on the rocks and that has now turned into Aston Martin and there are a lot of bright people coming in, new sponsors and a lot of really exciting young drivers.
“I think, it [F1] is in really good shape for the future. As I said five years ago, I was deeply concerned about a number of these things. I think Bahrain underscored that trust very well. “
Brundle’s optimistic assessment of the F1 is confirmed by Mercedes team principal Toto Wolff, who believes that the F1 is currently in the best position in 10 years.
“I think Formula 1 is a very good place for good on-track entertainment and political battles off the track, which was always part of the narrative in Formula 1,” Wolff told Motorsport.com.
“It has a product that works, great teams and brands that are in Formula 1, and Netflix has helped us get our audience out of traditional fans.
“So overall the sport is in a very good place and growing. And since my time in the last 10 years it is probably the best it has ever been.”
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