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Exclusive: Pirelli signs new 5-year F1 deal
Pirelli is set to remain the official tyre supplier of Formula One until 2018, sources have revealed.Last week the FIA's World Motor Sport Council (WMSC) handed down a number of decisions impacting Formula One, including the provisional 2014 calendar.One of the outcomes was to transfer the tyre tender process from the FIA to Formula One Management, confirming Pirelli would remain the sole supplier in the interim. The decision leaves the commercial rights holder free to decide upon future contracts in line with the Concorde Agreement, distancing the governing body from any perceived bias in a tender process or related commercial agreement.The WMSC statement read: 'Pirelli may continue to...
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