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Carey wants to axe Concorde Agreement
F1 boss Chase Carey believes the Concorde Agreement should not be renewed in 2020 and a new partnership should stand in its place. Liberty Media are trying to put their stamp on Formula 1 but will be restricted by the current Concorde Agreement which has another year to run. 'We have the infamous document called the Concorde Agreement,' said Carey. 'Which is this agreement that comes up every six to eight years – it comes up in 2020 – which defines the financial arrangements with teams. 'I think our goal is to create much more of a long-term partnership, not a partnership that sort has a point in time that you go out and renegotiate the next eight-year partnership, that there's...
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8y ago from PlanetF1.com
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