The entire complexion of the F1 business is set to change significantly from 2013.

Not only will there be a new concord agreement governing the commercial rights income distribution from such lucrative areas as television coverage contracts, trackside advertising and corporate hospitality, but also bold new technical rules, which will change the grand prix landscape for good.

As the teams head for Monza and this coming weekend’s Italian Grand Prix, a number of think tanks have been set up to consider various propositions. The latest concept is for a 1.6-litre four-cylinder turbocharged engine to become standard.

Couple this with ground effect aerodynamics, a fuel flow limitation and a possible limit of five engineers per season per driver and you’ve got a recipe for the most deep-rooted technical changes since turbocharged engines were introduced first time round in 1977.