As expected, Pirelli has been announced as the official tyre supplier for the 2014 F1 World Championship.
Following a meeting of the World Motor Sport Council in Croatia, a statement released on the official FIA website read Pirelli 'may continue to supply tyres to competitors in the FIA F1 World Championship' – although it is 'subject to the requisite technical and safety standards being met'.
The WMSC also added that in future, the FIA will be in charge of conducting the tender process, for both tyres and fuel.
The full statement read: “One of the noteworthy aspects of the new 2013 Concorde Agreement is the new tender procedure for appointing single suppliers in the tyre and fuel categories, for the FIA F1 World Championship.
“In this new process, the FIA will be confirmed as the body in charge of conducting the tender process.
“The Commercial Rights Holder (Bernie Ecclestone) will be entitled to run the commercial negotiations with potential suppliers, with a view to the selected single supplier being officially appointed by the WMSC.
“In order to cover the transition period and considering the contracts already settled by FOM (Formula One Management) and the Teams with Pirelli, the WMSC today confirmed that Pirelli may continue to supply tyres to competitors in the FIA F1 World Championship, subject to the requisite technical and safety standards of the FIA being met.”
Pirelli's current deal expires at the end of this season, and while the Italian company has always been the favourite to remain as the tyre supplier, it has come under pressure this year, in the wake of the 'secret' test with Mercedes and the fall-out from the failures that occurred during the British Grand Prix.
Meanwhile the 2014 F1 calendar
was also published, while the WMSC members congratulated FIA president Jean Todt on the 'successful' and 'favourable' conclusion to the new Concorde negotiations
“The members also accepted his proposal to create a new task force, after the FIA Presidential Election, charged with proposing the allocation of the additional financial resources for the FIA and its membership,” the WMSC added.