F1 » F1 chiefs sign new Concorde Agreement


Terms are agreed between the FIA and FOM on a new Concorde Agreement

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107SS2009

September 27, 2013 1:01 PM

It is reported that Jean Todt has walked out of that signing with an additional 25 million for the FIA coffers, and that is no mean achievement considering who the other signatory part/payer was.

cknopp

September 28, 2013 5:37 AM

If it were me, I'd argue about the legality of such an agreement while one of the signatories is under indictment.

There may be a loophole there for the teams to really lean on Bernie... It wouldn't be a far stretch to say that his involvement in the bribery scandal has brought the sport into disrepute.

107SS2009

September 28, 2013 8:32 PM

This (what was signed) is not a concord agreement but a bilateral agreement, this bilateral agreement sets in motion a new rule making process which will involve a strategy group made up of 18 voting members equally split between the FIA, FOM and six leading teams.

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