Posted on September 27, 2013

The FIA and Bernie Ecclestone’s FOM group have signed the a bilateral Agreement, guaranteeing the governance and financial structure of F1 through to 2020, it has been announced today. There has been some confusion about what this means; it is not a Concorde Agreement, it sets out the framework for a Concorde Agreement, but at this stage it is a bilateral agreement between the two parties. Ecclestone also has bilateral agreements with the F1 teams, except Marussia. Although the FIA’s statement concludes, “Now that the agreement is operative, the parties will move towards the conclusion of a multi-party Concorde agreement,” More…

Posted on October 25, 2012

One of the outcomes of Monday’s meeting in Paris between the FIA, Bernie Ecclestone and the F1 teams was that the structure by which the rules are made is set to change, with a new structure called the “F1 Strategy Group” set to play a pivotal role. The new group, a separate entity from the F1 Commission, will comprise three bodies, each holding six seats; the commercial rights holder, the FIA and the teams. Of these teams five will be permanent members and one will rotate. The five permanent members are Red Bull, McLaren, Ferrari, Mercedes and Williams. The rotating More…

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