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F1 and Mercedes in stand-off over Concorde Agreement
Formula 1's management has said it will not wait any longer to finalize the Concorde Agreement despite complaints from Mercedes over the way the team has been treated in negotiations. The Concorde Agreement is a document between the teams, the FIA and Formula 1 that binds them together when it comes to the commercial terms of participating in the sport. The current agreement expires at the end of this year and talks have been ongoing for a number of months over new terms, with F1 owners Liberty Media keen to introduce a more equitable distribution model that does not favor the bigger teams as much as in the past. While the majority of teams say they are willing to sign ahead of an August...
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