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F1 and FIA agree new Concorde Agreement
The long wait for a new Concorde Agreement - the document which govers how the sport is run and how the prize money is distributed - looks to be over after the FIA and FOM issued a statement saying they had come to an agreement over a new contract. Whilst the actual agreement itself hasn't been agreed upon, it's expected that it will now be signed by all involved parties by the end of the month. A joint-statement on Saturday said: "The Formula 1 Group and the FIA have signed an agreement setting out the framework for implementation of the 2013 Concorde Agreement. "This agreement will come into force upon approval by the respective governing bodies of the signatory parties in the...
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11y ago from TheF1Times.com
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