Liberty introducing new franchise model says Wolff

  • Published on 27 Jul 2017 18:21
  • comments 1
  • By: Sam Gale

According to Mercedes team boss, Toto Wolff, new owners of F1, Liberty Media are looking to bring in a new franchise model to replace the current concorde agreement.

The Concorde agreement is the financial model currently in place for distribution of all prize money in the sport, devised by Bernie Ecclestone. It has often been criticized as a way to keep the richer teams at the top of the sport whilst the teams lower on the grid get less prize money and less influence on the sport.

The claim from Toto Wolff is that when the concorde agreement expires in 2020 it will not be followed up with a similar entity and instead a more secure and fair terms of agreement will come into place. Seemingly there is a plan in place to make sure that F1 teams do not have to renegotiate their place in the sport every eight years as they do currently.

Toto Wolff said on the matter: "Liberty Media has a very good approach, namely that the Concorde Agreement, as it was formerly called, will no longer exist, in principle, a team in future will have this 'franchise' forever, which helps to add value because you do not have to renegotiate every eight years."

 

Sam Gale

Replies (1)

Login to reply
  • ianf1

    Posts: 185

    I think Ferrari will be getting worried if this is true

    • + 0
    • Jul 27 2017 - 22:45

BE Grand Prix of Belgium

Local time 00:10

BEGrand Prix of Belgium

Local time 00:10

World Championship standings 2025

Show full world champion standings

Test calendar

See full test schedule

Related news

Give your opinion!

Will Bottas challenge Hamilton for the world championship in 2020?

Formula 1 Calendar - 2025

Date
Grand Prix
Circuit
-
Bahrain
14 - Mar 16
Australia
21 - Mar 23
China
4 - Apr 6
Japan
11 - Apr 13
Bahrain
18 - Apr 20
Saudi Arabia
2 - May 4
United States of America
16 - May 18
Italy
23 - May 25
Monaco
30 - Jun 1
Spain
13 - Jun 15
Canada
27 - Jun 29
Austria
4 - Jul 6
United Kingdom
25 - Jul 27
Belgium
1 - Aug 3
Hungary
29 - Aug 31
Netherlands
5 - Sep 7
Italy
19 - Sep 21
Azerbaijan
3 - Oct 5
Singapore
17 - Oct 19
United States of America
24 - Oct 26
Mexico
7 - Nov 9
Brazil
21 - Nov 23
United States of America
28 - Nov 30
Qatar
5 - Dec 7
United Arab Emirates
See full schedule

Formula 1 Calendar - 2025

Date
Grand Prix & Circuit
14 - Mar 16
Australia Albert Park
21 - Mar 23
4 - Apr 6
11 - Apr 13
18 - Apr 20
Saudi Arabia Jeddah Street Circuit
2 - May 4
United States of America Miami International Autodrome
16 - May 18
23 - May 25
Monaco Monte Carlo
30 - Jun 1
13 - Jun 15
27 - Jun 29
Austria Red Bull Ring
4 - Jul 6
United Kingdom Silverstone
25 - Jul 27
1 - Aug 3
Hungary Hungaroring
29 - Aug 31
Netherlands Circuit Zandvoort
5 - Sep 7
Italy Monza
19 - Sep 21
Azerbaijan Baku City Circuit
3 - Oct 5
17 - Oct 19
United States of America Circuit of the Americas
24 - Oct 26
7 - Nov 9
Brazil Interlagos
21 - Nov 23
United States of America Las Vegas Street Circuit
28 - Nov 30
5 - Dec 7
United Arab Emirates Yas Marina Circuit
See full schedule

Driver profile

  • Team -
  • Points -
  • Podiums -
  • Grand Prix -
  • Country GB
  • Date of b. Dec 6 1982 (42)
  • Place of b. Oban, GB
  • Weight 53 kg
  • Length 1.68 m
Show full profile

Team profile

Show full profile
show sidebar