F1 »

Concorde Agreement to be signed this week?

Following months of conflict and dispute bordering on outright civil war, the FIA and F1's teams seem to at last be ready to put their disagreements behind them and unite for the signing of a new commercial rights-governing Concorde Agreement this week – as the drivers acknowledge that the stand-off has endured for far too long.

It is understood that hopes are high for a final resolution ahead of this weekend's Hungarian Grand Prix in Budapest, before the paddock's members head off on their four-week mid-summer break. The signing of a Concorde Agreement would definitively head off the threat of a Formula One Teams' Association (FOTA)-led 'breakaway' series, which has hung over the top flight for much of the current season.

It would also legally bind all 13 entrants and commercial rights-holder Bernie Ecclestone to the FIA until the end of 2012 – and therefore re-instate a welcome element of stability to what has become of late an increasingly fractious and divided environment.

The only remaining cause of debate is believed to be the 'Cost Regulation Document' stipulating that expenditure must be reduced to early 1990s levels within two years, and removing FIA President Max Mosley's contentious and unpopular budget cap proposal from next season's rules. All 2010 competitors – the ten present incumbents, as well as newcomers USF1, Campos and Manor – met at FOTA's Geneva headquarters last week to come to a unanimous standpoint, with reports suggesting Williams chief executive Adam Parr has been tasked with ensuring that the FOTA members reduce their budgets accordingly.

Once the Concorde Agreement is signed, it will be ratified by the FIA World Motor Sport Council (WMSC), and Mercedes-Benz Motorsport Vice-President Norbert Haug has admitted that he hopes the rapprochement will usher in a new era of 'co-operation' between the hitherto warring factions.

“We are on a very good way to achieving the set goals,” the 56-year-old told German media, adamant that the FOTA competitors are 'the core of Formula 1' rather than 'revolutionaries'. “Confrontations must only occur when there is no alternative.”

Meanwhile, two former world champions have revealed that – in common with F1's fans – they too are rapidly losing patience with the apparently endless political stalemate.

“Things seem to go up-and-down all the time,” mused Ferrari's Kimi Raikkonen. “It changes every day. You lose interest reading these stories.”

“We have spent too much time talking about this,” concurred Renault star Fernando Alonso, “and it doesn't help Formula 1. Hopefully, we can talk about the sport instead.”




Related Pictures

Click on relevant pic to enlarge
FOTA Team Managers & Drivers Meeting, Turkish F1, Istanbul Park, 5th-7th June, 2009
23.08.2014- Free Practice 3, Daniel Ricciardo (AUS) Red Bull Racing RB10
23.08.2014- Free Practice 3, Valtteri Bottas (FIN) Williams F1 Team FW36
23.08.2014- Free Practice 3, Fernando Alonso (ESP) Scuderia Ferrari F14-T
23.08.2014- Free Practice 3, Nico Rosberg (GER) Mercedes AMG F1 W05
23.08.2014- Free Practice 3, Pastor Maldonado (VEN) Lotus F1 Team E22
23.08.2014- Free Practice 3, Sebastian Vettel (GER) Red Bull Racing RB10 and Pasquale Lattuneddu (ITA), FOM
23.08.2014- Free Practice 3, Sebastian Vettel (GER) Red Bull Racing RB10 and Pasquale Lattuneddu (ITA), FOM
23.08.2014- Free Practice 3, Nico Rosberg (GER) Mercedes AMG F1 W05 and Adrian Sutil (GER) Sauber F1 Team C33
23.08.2014- Free Practice 3, Fernando Alonso (ESP) Scuderia Ferrari F14-T
23.08.2014- Free Practice 3, Felipe Massa (BRA) Williams F1 Team FW36 and Lewis Hamilton (GBR) Mercedes AMG F1 W05
23.08.2014- Free Practice 3, Kimi Raikkonen (FIN) Scuderia Ferrari F14-T leads Fernando Alonso (ESP) Scuderia Ferrari F14-T
23.08.2014- Free Practice 3, Kevin Magnussen (DEN) McLaren Mercedes MP4-29
23.08.2014- Free Practice 3, Nico Rosberg (GER) Mercedes AMG F1 W05
23.08.2014- Free Practice 3, Marcus Ericsson (SUE) Caterham F1 Team CT-04
23.08.2014- Free Practice 3, Kimi Raikkonen (FIN) Scuderia Ferrari F14-T
23.08.2014- Free Practice 3, Jenson Button (GBR) McLaren Mercedes MP4-29
23.08.2014- Free Practice 3, Daniel Ricciardo (AUS) Red Bull Racing RB10

Join the conversation - Add your comment

Please login or register before adding your comments.

Although the administrators and moderators of this website will attempt to keep all objectionable comments off these pages, it is impossible for us to review all messages. All messages express the views of the poster, and neither Crash Media Group nor Crash.Net will be held responsible for the content of any message. We do not vouch for or warrant the accuracy, completeness or usefulness of any message, and are not responsible for the contents of any message. If you find a message objectionable, please contact us and inform us of the problem or use the [report] function next to the offending post. Any message that does not conform with the policy of this service can be edited or removed with immediate effect.


DSmith - Unregistered

July 24, 2009 1:15 AM

autogyro, the solution to people posting as you is quite simple - register and sign in. Then if its you posting its quite clear as you're shown as registered when posting and it can only be you. Of course trolls tend to get banned and then have to resort to posting as an unregistered user



© 1999 - 2014 Crash Media Group

The total or partial reproduction of text, photographs or illustrations is not permitted in any form.