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Wolff: Biggest transition F1 has ever seen
Mercedes motorsport boss Toto Wolff says the finalised Concorde Agreement represents the 'biggest transition F1 has ever seen'. Earlier this month after months of haggling all 10 Formula 1 teams committed to the sport until the end of 2025. The teams signed a new Concorde Agreement, the document that governs the commercial arrangements between the teams, F1 and the FIA. The new Agreement, which runs from 2021 to 2025, ensures fairer distribution of prize money across the board, lays out the rules for the budget cap and the updated technical regulations. Mercedes was one of the last team to sign. Wolff says the new deal will herald the 'biggest transition' that the sport has ever witnessed....
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4y ago from PlanetF1.com
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