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Concorde Disagreement

October 22, 2012

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I spoke to Bernie Ecclestone at the British GP on behalf of the BBC, just after he announced that all 12 teams were satisfied and in unison on the terms of F1’s new Concord Agreement. He told me he expected to have all signatures on paper within 4 weeks.
4 months later, following today’s meeting in Paris, we’re expecting signatures on paper in the next few weeks…

Here’s the FIA Press Release:

During a constructive meeting, Jean Todt, the FIA President, in co-operation with Bernie Ecclestone, the Commercial Rights Holder, has presented to all F1 Team Principals the new structure of governance, including the new conditions of entry for the Concorde Agreement, starting in 2013.

All the participants in the meeting were encouraged to seek clarification which resulted in a fruitful and helpful debate on how the new structure would operate in 2013 and beyond.

A further important step has been achieved today to secure the future of the F1 World Championship which should lead to a final settlement to be reached between the FIA, the Commercial Rights Holder and the Teams in the coming weeks.

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