New Formula 1 Chairman Chase Carey has indicated it is his intention to further expand the sport in crucial American and Asian markets🔴 as he looks to take it to 'anotꦕher level'.

Speaking publicly for the first time since American firm Liberty Media assumed a controlling stake in Formula 1 ahead of the Singapore Grand Prix, Carey -🏅 who has been chosen as the man to take charge of F1 - says he wants to observe and learn initially before outlining a strategy for the sport's future.

"For the first few months - call it 100 days - it is largely listening and meeting - and digesting," he told the BBC. "And then come out of that phase with♊ a degree of visions that continue to be shaped. Nothing is ever written in stone. Bernie is the CEO, so Bernie is going to lead it and I will work with Bernie to establish some kind of strategic plan to where you want to go."

The deal is 🤡seen by many as F1's opportunity to get a foothold in the huge US market having struggled to do so over the years relative to other intentional spo🌱rting brands.

Indeed, Carey suggests this will be one of his main focuses, hinting there couౠld be more events in locations as 'Los Angeles,♐ New York and Miami' to capitalise on F1's 'premium brand'.

"I♔t is too early to have a clear plan, but we clearly will have a plan to develop America, to be in the right market. There is a big untapped audience in the US. I don't want to criticise the efforts in the past, because I don't know the ef🌄forts in the past.

"Formula 1 is a great premium brand and that means to me th🌊at you want to be at a location like Los Angeles, New York or Miami. Ideally in the great cities in the world."