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F1 and FIA finally sign new Concorde Agreement
Formula 1's Bernie Ecclestone and FIA president Jean Todt have finally signed a new Concorde Agreement, several months after the previous one expired. The document governs how the sport is run and how the revenue is divided. Whilst the teams have agreed seperate deals with Formula One Management, the FIA sought changes to give it a greater financial stake. That has now been agreed and the two parties will seek signatures from all the teams involved to conclude the multi-party agreement. FIA President Jean Todt said: "We can be proud of this agreement, which establishes a more effective framework for the governance of the FIA Formula One World Championship. "The FIA looks forward...
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11y ago from TheF1Times.com
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