Posted on October 22, 2012
Tomorrow in Paris at the headquarters of the FIA, a very important meeting takes place with Jean Todt hosting the F1 teams and Bernie Ecclestone the F1 commercial rights holder. On the agenda will be the new eight year Concorde Agreement due to start in January 2013, a new FIA regulated cost control mechanism (Resource Restriction Agreement) relating to both chassis and engines, and the subject of spreading the costs of the 2014 engines across the full eight years, so the development costs are not front loaded and too expensive for teams. The idea of tomorrow’s meeting is to move More…
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