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Concorde Agreement isn't needed anymore
A few months ago, Formula 1 boss Bernie Ecclestone said that the regulatory body (FIA) and the sport’s commercial rights group (F1 Group) had agreed to a deal. At first, fans thought this could be a new Concorde Agreement, which has been the formal tripartite agreement between the regulatory body, the teams and the F1 Group. As the story unfolded further, it was not the Concorde Agreement as the teams were not signatory to it.
In today’s Wall Street Journal, Christian Sylt has offered what could be a reason that there is no signed Concorde Agreement. According to Ecclestone, it isn’t needed:
'I think everyone has forgotten about it to be honest because with the agreement we currently...
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11y ago from Formula1Blog.com
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