The arrival of August may mean an enforced break for most of the F1 world, but not it would seem for some of the sport’s key decision makers. It emerged over the weekend of the Hungarian Grand Prix that Bernie Ecclestone intends to hold a crisis summit over the sport’s popularity. Formula 1 team bosses were made aware of this on Saturday in Budapest, along with the shock news that alongside a hand-picked selection of team chiefs and Ecclestone himself, would be media representatives and disgraced former F1 team boss Flavio Briatore.

Although it has been claimed that the meeting should not be viewed as a negative, to many it can only be deemed thus. Coming at a time when the fans of this sport, along with a growing number of dissenting voices in the paddock, are having their say on double points, standing restarts and the concept of success ballast, the time has surely come to say enough is enough.

I have been in this game now for 13 years as a professional. I have been a fan all my life. And rarely can I recall a season I have enjoyed as much.

Where now are the dissenting voices over engine noise? Where now, those who decried the ugly look of the 2014 cars? Yes, these are areas that can be improved, but the doom-mongers of the early months of this year seem now to have been silenced by some sublime exhibitions of racing on track.

Budapest is a case in point. Yes, the weather played its part, but the tricky nature of the cars created by this season’s aero regulations, the power and torque of the new hybrid engines and the 2014 construction Pirelli tyres all combined to create the circumstances in which two safety cars were deployed and a thrilling race ensued. And it wasn’t the first brilliant race of the season.

We have had three, possibly four, maybe as many as five races that I would say rank as some of the finest of this generation. A few possibly of all time. It is very easy to look back at history and complain that things used to be so much better, but often those views are born of melodrama and passionate prejudice… a view through rose tinted glasses, if you will.

Let’s take a little look through history. At Budapest in 2014 we had a wet/dry race but still saw 16 finishers and seven different teams finish in the top ten. Yes, we had multiple safety cars, but the winning margin was just 5.225 seconds, with the top four split by just 6.361.

Let’s rewind a decade to 2004. 15 cars finished the race, with seven different teams finishing in the top ten. With the Ferrari chassis a class apart, the winning margin from Schumacher to Barrichello was 4.696 seconds, but the top four was split by over a minute.

In 1994 only 14 cars were classified but again, seven teams were classified in the top ten. Michael Schumacher’s winning margin was over 20 seconds and only three cars finished on the lead lap.

The very first Hungarian Grand Prix was held in 1986. Nelson Piquet won that race by 17.673 seconds. Only he and Ayrton Senna were on the lead lap. Ten cars finished the race.

It is easy to forget that there were days when F1 races would see five cars or fewer classified at the flag. It is easy to forget there was a time when the winning car lapped the field. It is easy to forget that ten years ago, Michael Schumacher had the championship sewn up two races before we even started the August break.

It is easy to overlook just how good we’ve got it right now.

Perhaps it is because we are being given exceptional contests almost every racing weekend that we lose sight of how good these races really are. It becomes easier to remember the great races of days past, when those races were rare highlights in otherwise predictable and often dull processions. When we have wonderful races as the norm, it becomes harder to determine the epic from the merely brilliant.

The problem, however, is that grandstand seats sit empty. Television audiences in some territories are dropping. Paddock Club struggles to sell out and has had to change its outlook. Teams struggle to attract sponsors. It is perhaps unsurprising that some might ask whether people are falling out of love with the sport.

The problem, however, is that there seems to be a belief that it is the show itself that is to blame. Some seem to believe that the sport no longer grasps the imagination as it used to. They believe that the product has to change to adapt to a new generation.

They are wrong.

We exist at a time when Formula 1 teams are struggling for financial survival because of an unfair and unworkable payment structure, penned and conceived in and by a bygone and obsolete generation. Racing circuits are charged so much to host races, that those costs have to be passed onto a public crippled by a global recession and who would rather take their family on holiday than shell out the same figure on watching a motor race and camping in a muddy field. Free to air television networks are losing the rights to broadcast Formula 1 because the only networks who can afford the high figures being demanded are those who charge to view.

To anyone with even the scantest knowledge of this sport, it is abundantly clear that it is Formula 1’s business model which is broken, not the racing spectacle itself.

The sport has failed to keep pace with its audience by embracing new media, and yet is willing to impose contrived gimmicks into the purity of its product to try and make the show more appealing to a market it no longer understands. It remains blind to the fact that it will only lose dedicated followers by doing so, and gain no new interest from a generation who strive to find something real in a sea of commercial falsity.

Twenty Nine years ago, Coca Cola changed the recipe of its flagship brand, launching one of the greatest flops in modern commercial memory. “New Coke” replaced its original namesake in April 1985. By May, company directors were already pushing for a reversal to the original recipe after sales took a massive hit. It only took until July for Coca Cola executives to announce the return of the original Coke. The company’s President Donald Keough announced the return with words that Formula 1’s rulers would do well to dwell on over the coming weeks:

“The simple fact is that all the time and money and skill poured into consumer research on the new Coca-Cola could not measure or reveal the deep and abiding emotional attachment to original Coca-Cola felt by so many people.”

The lesson is simple. Don’t mess with a product into which people have invested themselves emotionally. The public are not stupid. Don’t treat them like they are.

Formula 1 is in arguably the rudest racing health of its entire existence. I, as so many of my colleagues, and all the fans at home, pray that when the decisions are made that will shape the future of this sport, the decision makers keep this at the forefront of their minds. Because the only thing from which Formula 1 needs saving, is itself.