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Ross Brawn targeting 'perfect world' formula for F1

MELBOURNE, Australia -- Formula One's new managing director of racing Ross Brawn says he is aiming to deliver a "perfect world" solution for the sport, based on closer racing and financially healthy teams.

The former Mercedes team principal is one part of the three-man team that replaced Bernie Ecclestone at the top of the sport when Liberty Media bought the commercial rights earlier this year. Attending his first race in his new role at the Australian Grand Prix, Brawn mapped out his vision for F1.

"The role that I'm going to perform hasn't been done by FOM [Formula One Management] before and my role will be to be proactive to work with the teams, work with the FIA to find the right solutions to make our sport as great as possible in the future," Brawn explained.