Posted on July 27, 2013

A statement issued this morning suggests that the protracted battle over the new Concorde Agreement, the contract that binds together the FIA, teams and commercial rights holder, is about to be signed. The seven year deal should be formalised in the next weeks, according to the statement, “The Formula One Group and the FIA have signed an agreement setting out the framework for implementation of the 2013 Concorde Agreement. “This agreement will come into force upon approval by the respective governing bodies of the signatory parties in the coming weeks.” It has taken a long time to get to this More…

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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