Ferrari team boss Mattia Binotto does believe an agreement is close on the planned overhaul in regulations in 2021.
At the start of the process to negotiate a new Concorde Agreement, then-president Sergio Marchionne issued a quit threat if the company didn't agree with the direction.
After his sudden passing last year, however, the tone from Ferrari has been more productive and now a full layout of regulations was put forward by Liberty and the FIA prior to the Bahrain Grand Prix.
While the response has been muted about what was included, Binotto does see enough that can eventually see a compromise being reached.
“There is not much time, but for us, it is more important to make sure we’ve got the right agreements and we should not be caught by time,” he told Motorsport.com referring to a June deadline.
“We will continue discussing with the FIA and F1. There are many points we need to still discuss: governance, revenues, financial regulations, technical regulations, standardisation. The list is pretty long.
“But it’s not because the list is long that the compromises are so distant as well. I’m positive on the level of discussion and collaboration we’ve got. That’s why I’m optimistic we’ll find the right balance.”
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The main sticking point for Ferrari is likely to be financial, as they receive the most revenue from the commercial rights holder and spend the most along with Mercedes.
Standardisation will be another area too, with the team very keen to avoid what they see as F1 running single spec cars as they do in IndyCar for example.
“The process is still ongoing. There are still points where there is some distance compared to their [the FIA’s] position and what we believe should be the right Ferrari position, but we are still discussing," Binotto continued.
“I think it will be good for F1 to find the right agreement and I am pretty sure we will do it.”
