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Liberty expects F1 and teams to ‘arm wrestle’ over money
© XPB Phillip van Osten
05/06/2024 at 16:2605/06/2024 at 16:15 Liberty Media expects F1 teams to drive a hard bargain during their upcoming negotiations with the sport’s commercial rights holder over Grand Prix racing’s 2026 Concorde Agreement. Talks are already underway to work out the terms of the future version of the all-important covenant that dictates revenue sharing and governance between Formula 1, the teams and the FIA. Furthermore, the discussions are set to unfold against the backdrop of the sport’s remarkable economic growth and F1’s 2026 regulation overhaul. Speaking on the latest James Allen on F1 podcast, Liberty Media chief executive Greg Maffei believes...
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