Toto wolff supported the prospect of a franchise model which would replace the Concorde Agreements currently in force and often criticized by the most modest teams which benefit from less income.
“Liberty Media has a very good approach because the Concorde Agreements as we know them will no longer exist. In principle, a team would have a franchise in the future forever. This would add value because there would be no need to negotiate every 8 years”, explained Toto Wolff on the Austrian channel ORF.
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