The now-famous Bahrain Grand Prix presentation, held a little under three years before the first race of 2021, marked the start of Formula 1's latest rebirth - its first under Liberty. In that Sakhir meeting the teams learned about key aspects of Liberty's plans, the financial side in particular. It was clear the rich would be getting poorer, and vice versa, leaving those walking out of the gathering with distinctly mixed feelings.

Discussions continued on an individual basis, with Liberty visiting factories and popping in and out of motorhomes. The general idea was to canvass unvarnished opinion on a one-to-one basis, without the posturing and parrying that inevitably goes on in group meetings.

After six weeks of such interaction, the second presentation to a gathering of team bosses took place in Monaco. A few more dots were joined, and feedback from the individual discussions was filtered into the process. On the face it, it seems to be working smoothly.