F1 »

Concorde Agreement talks 'constructive'

FIA reports 'constructive' meeting with teams and Bernie Ecclestone as self-imposed deadline for finalising new Concorde Agreement looms.
Motorsport's governing body is confident that strides have been made towards finalising a new version of the Concorde Agreement, the document that sets out how F1 operates.

FIA president Jean Todt, Bernie Ecclestone and representatives of all twelve teams met in Paris on Monday [22 October] to discuss various issues facing F1 in the short-term and, despite the self-imposed deadline of late October looking unlikely, the governing body described the talks as 'constructive', although the official statement sent out after the event provided little more in the way of detail.

"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," the missive read, "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."

In addition to the talks surrounding the new Concorde Agreement, the various parties also discussed the thorny subject of cost-cutting, with several concepts apparently being put forward for consideration.



Related Pictures

Click on relevant pic to enlarge
22.09.2012 - Bernie Ecclestone (GBR), President and CEO of Formula One Management signs the condoliance book condolences for the late Sid Watkins (GBR) Former FIA Safety Delegate
24.06.2012- Race, Jean Todt (FRA), President FIA
14.10.2012- Race, Start of the race, Sebastian Vettel (GER) Red Bull Racing RB8 and Mark Webber (AUS) Red Bull Racing RB8
19.04.2015 - Race, Gerard Berger and Bernie Ecclestone (GBR), President and CEO of FOM
19.04.2015 - Pasquale Lattuneddu (ITA), FOM and Bernie Ecclestone (GBR), President and CEO of FOM
19.04.2015 - Bernie Ecclestone (GBR), President and CEO of FOM
19.04.2015 - Bernie Ecclestone (GBR), President and CEO of FOM and Claire Williams (GBR) Williams Deputy Team Principal.
19.04.2015 - Fabiana Flosi (BRA), Wife of Bernie Ecclestone
19.04.2015 - Maurizio Arrivabene (ITA) Ferrari Team Principal and Bernie Ecclestone (GBR), President and CEO of FOM
19.04.2015 - Maurizio Arrivabene (ITA) Ferrari Team Principal and Bernie Ecclestone (GBR), President and CEO of FOM
19.04.2015 - Maurizio Arrivabene (ITA) Ferrari Team Principal and Bernie Ecclestone (GBR), President and CEO of FOM
19.04.2015 - Maurizio Arrivabene (ITA) Ferrari Team Principal and Bernie Ecclestone (GBR), President and CEO of FOM with Eddie Jordan
18.04.2015 -  King Juan Carlos and Bernie Ecclestone
18.04.2015 - Bernie Ecclestone (GBR), President and CEO of FOM
18.04.2015 - David Coulthard (GBR) with Lee McKenzie (GBR) BBC Television Reporterand Bernie Ecclestone (GBR), President and CEO of FOM
18.04.2015 - Free Practice 3, Robert Fernley (GBR) Sahara Force India F1 Team Deputy Team Principal and Bernie Ecclestone (GBR), President and CEO of FOM
17.04.2015 - (L-R) Daniel Ricciardo (AUS) Red Bull Racing RB11, Lewis Hamilton (GBR) Mercedes AMG F1 W06, Nico Rosberg (GER) Mercedes AMG F1 W06, Sebastian Vettel (GER) Scuderia Ferrari SF15-T, Kimi Raikkonen (FIN) Scuderia Ferrari SF15-T, Nikki Lauda (AU), Mercedes and Bernie Ecclestone (GBR), President and CEO of FOM.
17.04.2015 - (L-R) Daniel Ricciardo (AUS) Red Bull Racing RB11, Lewis Hamilton (GBR) Mercedes AMG F1 W06, Nico Rosberg (GER) Mercedes AMG F1 W06, Sebastian Vettel (GER) Scuderia Ferrari SF15-T, Kimi Raikkonen (FIN) Scuderia Ferrari SF15-T, Nikki Lauda (AU), Mercedes and Bernie Ecclestone (GBR), President and CEO of FOM.

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.




© 1999 - 2015 Crash Media Group

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