Formula 1 team bosses have held a second meeting in as many race weekends to discuss the problems facing the sport, RaceFans has learned.

As in Japan , the team principals met at Mercedes’ motorhome without inviting representatives from F1’s commercial rights holder Liberty Media or the FIA. The teams have also agreed to meet again at next weekend’s race in Mexico.

The teams’ concerns are believed to include falling F1 audiences, the need to attract new fans, and the balance between controlling costs and distributing F1’s falling revenues.

After the meeting several team principals appeared in a joint interview on Channel 4 in which they discussed some of their concerns around the sport.

Force India team principal Otmar Szafnauer said Liberty are “learning very quickly” and have “done some things really well” but sees room for improvement.

“Whether it’s Bernie [Ecclestone] or Liberty there’s things we can all improve on and Liberty can improve as well.

“We’ve had discussions about a number of things: In the future should we have cost caps, better money distribution, that’s all up to Liberty.

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“But first and foremost we’ve got to make the show the best we can. We all talk about who the fan is and providing for the fan and this is a show. it should stick with its roots of ultimate racing, not making it fake, and that’s all for the fans.

“I think one thing Liberty have done well is to have a better understanding of who our fans are. They’re data-driven and hopefully we can now make changes to the sport to please our current fans and attract some others.”

The teams expect Liberty and the FIA to set the agenda for the sport’s future, according to Red Bull team principal Christian Horner.

“Formula 1’s a competition, at the end of the day. We all play nicely on the outside and then we all try to nick each other’s sponsors, people, technology, behind the scenes.

“It’s really down to the owners, the guys from Liberty, the regulators, to come up and say ‘these are the rules, this is what you need to go racing by’. And as competitors it’s in our instincts to compete and push those boundaries.”

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2018 F1 season