F1-Fansite.com

F1 News

Ecclestone: Concorde agreement era is over

Monisha Kaltenborn and Bernie Ecclestone
Monisha Kaltenborn (CEO @ Sauber) and Bernie Ecclestone
Bernie Ecclestone and Red Bull guys

Bernie Ecclestone and Red Bull guysecclestone

The era of the Concorde Agreement is at its end, according to Bernie Ecclestone.

Difficult and protracted negotiations over the sport's highly secretive document, binding F1's commercial rights holders with its teams and the governing FIA, are notorious.

The long saga over the newest seven-year Concorde is only just at its end, but according to F1 chief executive Ecclestone, there may be no need for another.

Writing in the Wall Street Journal, F1 business journalist Christian Sylt said technical and sporting matters are now decided at the new Strategy Group, comprising Ecclestone, the FIA and six top teams.

As for the Concorde, "I think everyone has forgotten about it to be honest," Ecclestone said, "because with the agreement we currently have with this Strategy Group, we don't really need it."

The 83-year-old said it is not even true that a new Concorde was necessary so that F1 can be floated on the stock exchange.

"It was a peace treaty when it was signed. We have moved on and the whole structure has moved on," said Ecclestone.

Book discounted tickets and reservate your hotel room in our F1 Tickets Shop.

Please share this article & subscribe to our FREE weekly F1 Newsletter

PinIt

Latest F1 News posts:

See older posts in our F1 Archive »

Stay Updated by F1-Fansite!

Subscribers can win a 2017 Photo Calendar!.
Buy F1 MerchandiseBuy F1 Merchandise of your favourite driver or team.

Early Booking Discounts on F1 Tickets

Buy F1 tickets cheaper at F1-Fansite.com 2017 Formula 1 Season Early Booking Discounts are:
F1 Grand Prix
Discount

Book F1 Tickets Australian F1 GP Australia '1735% discountBook Now
Book F1 Tickets Chinese F1 GP China '1710% discountBook Now
Book F1 Tickets Spanish F1 GP Spain '1720% discountBook Now
Book F1 Tickets Monaco F1 GP Monaco '17AvailableBook Now
Book F1 Tickets Canadian F1 GP Canada '17AvailableBook Now
Book F1 Tickets Austrian F1 GP Austria '1720% discountBook Now
Book F1 Tickets British F1 GP UK '17AvailableBook Now
Book F1 Tickets Hungarian F1 GP Hungary '1720% discountBook Now
Book F1 Tickets Belgian F1 GP Belgium '1711% discountBook Now
Book F1 Tickets Belgian F1 GP Singapore '1710% discountBook Now

Polls

Does Max Verstappen's racing remind you to Ayrton Senna?

Loading ... Loading ...
F1 Polls