F1-Fansite.com

header

F1 News

Ecclestone: Concorde agreement era is over

Monisha Kaltenborn and Bernie Ecclestone
Monisha Kaltenborn (CEO @ Sauber) and Bernie Ecclestone

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
 submit to reddit  

Leave a Reply

Your email address will not be published. Required fields are marked *

Last 20 articles:

See older posts in our F1 Archive »

Stay Updated by F1-Fansite!

2017 F1 Merchandise

2017 F1 MerchandiseGet your 2017 F1 Merchandise here.

Early Booking Discounts on F1 Tickets

Book F1 Tickets cheaper at F1-Fansite.com 2017 Formula 1 Season Early Booking Discounts are:
F1 RaceDiscount
flag australia Australia '18AvailableBook Now
flag azerbijan Spain '1820% DiscountBook Now
flag spain Spain '1820% DiscountBook Now
flag  monaco Monaco '18AvailableBook Now
flag canada Canada '18AvailableBook Now
flag austria Austria '1820% DiscountBook Now
flag uk UK '18AvailableBook Now
flag germany Germany '1829% DiscountBook Now
flag hungary Hungary '1820% DiscountBook Now
flag belgium Belgium '1815% DiscountBook Now
flag singapore Singapore '1820% DiscountBook Now