John Malone, Dietrich Mateschitz in 'secret' Formula 1 meeting

Red Bull recently met in "secret" with Formula 1's new owner John Malone regarding engine regulations.

Red Bull recently met in "secret" with F1's new owner John Malone.

Malone is the US billionaire tycoon behind Liberty Media, who are now contemplating the future of the sport's controversial engine regulations.

In recent days, Red Bull's Dr Helmut Marko warned that if the current 'power unit' regulations stay beyond 2020, the energy drink company will pull its two teams out of F1.

Now, Bild newspaper reports that Malone has met with fellow billionaire Dietrich Mateschitz, the founder and owner of Red Bull.

It is believed the men are now united about the cheaper, simpler and louder direction of the engine rules, with even Mercedes's Niki Lauda not disagreeing.

"We have to agree about a future-oriented but more efficient solution," the F1 legend told Bild am Sonntag.

Red Bull are currently third in the standings, 82 points adrift of second-placed Mercedes.

Little Fernando Alonso of McLaren laughs evilly in the drivers press conference during previews to the Spanish Formula One Grand Prix at Circuit de Catalunya on May 12, 2016
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1Ferrari196
2Mercedes179
3Red Bull97
4Force India53
5Toro Rosso29
6Williams-Mercedes20
7Renault14
8Haas14
9Sauber4
10McLaren0
DriversTeamPoints
1Sebastian VettelFerrari129
2Lewis HamiltonMercedes104
3Valtteri BottasMercedes75
4Kimi RaikkonenFerrari67
5Daniel RicciardoRed Bull52
6Max VerstappenRed Bull45
7Sergio PerezForce India34
8Carlos SainzToro Rosso25
9Felipe MassaWilliams-Mercedes20
10Esteban OconForce India19
11Nico HulkenbergRenault14
12Romain GrosjeanHaas9
13Kevin MagnussenHaas5
14Pascal WehrleinSauber4
15Daniil KvyatToro Rosso4
16Lance StrollWilliams-Mercedes0
17Marcus EricssonSauber0
18Jolyon PalmerRenault0
19Fernando AlonsoMcLaren0
20Stoffel VandoorneMcLaren0
21Antonio GiovinazziSauber0
22Jenson ButtonMcLaren0