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FIA approve Pirelli, gain tender authority over F1
The World motor Sport Council announced a new Concorde Agreement and a revised 2014 calendar but there was also another announcement that is of note.
The FIA will now be in charge of the tender process for sole suppliers to the Formula 1 series. While the commercial rights holders may work with the supplier for commercial purposes—track hoardings, advertising and financial arrangements—the FIA will be the governing body who creates the tender offer and approves the supplier.
FIA President Jean Todt has been taking some heat lately as he was keen to seek a tender process for the tire supplier for 2014 and this, as you can imagine, had Pirelli a little miffed as they have contracts with...
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11y ago from Formula1Blog.com
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