News Details
Ferrari set to keep historic 'bonus' in new Concorde deal
© XPB Andrew Lewin
22/05/2024 at 09:2922/05/2024 at 09:43 Discussions over the next version of the Concorde Agreement which lays down the terms under which teams take part in Formula 1 are currently underway, with Ferrari's unique historic bonus a main point of contention. Part ohe agreement addresses the sport's regulatory framework while another deals with the commercial terms including how much the teams receive from the prize pot each season. The current agreement from 2021-2025 sees teams receive a 50 per cent share of F1’s profits, although this is believed to have dropped to 45 per cent once total revenues exceeded $3bn. There's also been a lot of attention over...
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