By Francis Joseph

Ferrari says there is a “long” to-do list of topics that still need ticking off with Liberty Media over future Formula 1 rules, but it remains optimistic a deal can be reached.

With the FIA and F1’s owners Liberty pushing to get a framework for the 2021 rules in place by June this year, talks have been ramping up with teams in recent weeks.

A formal presentation of the ideas was made to teams jointly ahead of the Bahrain Grand Prix, with more individual discussions now set to take place.

But although there remain a number of outstanding issues for teams, Ferrari in particular thinks there is cause to feel optimistic that things are moving in the right direction.

Team principal Mattia Binotto said: “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.”

“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.”