Towards a new Concorde agreement?

It is today that a new Concorde Agreement should be signed to govern the future of Formula 1. After months of discord between the main players in the matter, the epilogue is perhaps not very far away.

Published on 15/07/2009 à 11:30

⁰ View comments)

After months of discussions, threats and denials, the protagonists of the Formula 1 should bury the hatchet today when we are awaiting the signing of new Concorde agreements, which cover all the rules of Formula 1. A tripartite compromise is expected between the FIA chaired by Max Mosley, FOTA (the team association) and the owner of F1 commercial rights, Bernie Ecclestone through CVC Capital Partners.

This agreement should put an end to deep disagreements both on a regulatory and financial level. Above all, it should definitively remove the threat of the creation of a parallel series that FOTA has long held up. The idea of a capped budget should also be ruled out, as should the principle of double regulations which would favor newly entering teams. Everyone is therefore waiting for confirmation of all this during the day to (finally) calmly prepare for next season.