F1 » Missing Concorde offer no deterrent to Marussia


Marussia sporting director Graeme Lowdon insists that the team will be on the grid next season, despite apparently not being offered a chance to sign up to the new Concorde Agreement.

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shamarone

December 06, 2012 9:43 PM

re: "Vitaly Petrov's pass on Charles Pic in the closing stages of the Brazilian Grand Prix could have cost Marussia around $10m in prize money as it demoted the Banbury-based team from tenth in the constructors standings the final position eligible for prize money."

wow. 10 large all the way back in tenth...? talk about a JUGGERNAUT....! pfft, and bike world beggars yet whine about 3 mill for a prototype. :D LOL they'll never figure it.

Josh - Unregistered

December 07, 2012 2:05 PM

@rob01- Why would it? The Concorde Agreements are about money and revenue distribution. Nothing to do with technical regulations whatsoever.

Josh - Unregistered

December 08, 2012 10:03 AM

No. Correct that it also dictates how and when teams compete, but I'll repeat that the Concorde Agreement does *not* contain anything in regards to technical regulations, which Marussia, by competing in the first place, have to adhere to.

I'd also appreciate not being given nicknames, thanks.

rob01

December 08, 2012 2:48 PM

Joshua, here is an easier example so you can follow. If none of the teams sign the Concorde, what regs would they follow? The Concorde ties the teams,FIA and commercial right holder together. So by having the FIA sign the Concorde you are signing to follow the regs set forth by the FIA. So the Concorde DOES contain who and how the regs will be enforced. And YES what a team has to adhere too.

Josh - Unregistered

December 08, 2012 3:42 PM
Last Edited 502 days ago

I'll repeat once again, the Concorde Agreements are in relation to the financial and commercial aspects of the sport. The fundamental basis of the agreement is to ensure F1's long-term profitability. By signing, teams agree to participate in every race for the benefit of the sport, and agree to how revenue is distributed between the teams. Evidently, being the regulatory body for the series, the FIA's approval is required for these contracts. The technical and sporting regulations are completely separate and are accepted upon a teams application for entry.

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