1
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
Grand Prix of BelgiumLocal time
Grand Prix of BelgiumLocal time
Bahrain International Circuit - Winter testing
M. Verstappen
C. Sainz jr
C. Leclerc
Bahrain
Bahrain
Bahrain International Circuit
Bahrain
Bahrain International Circuit
Saudi Arabia
Jeddah Street Circuit
Australia
Albert Park
Japan
Circuit Suzuka
United States of America
Miami International Autodrome
Monaco
Monte Carlo
Canada
Gilles Villeneuve
Spain
Circuit de Catalunya
Austria
Red Bull Ring
United Kingdom
Silverstone
Hungary
Hungaroring
Belgium
Spa-Francorchamps
Netherlands
Circuit Zandvoort
Italy
Monza
Azerbaijan
Baku City Circuit
Singapore
Marina Bay Street Circuit
United States of America
Circuit of the Americas
Mexico
Autodromo Hermanos Rodriguez
Brazil
Interlagos
United States of America
Las Vegas Street Circuit
United Arab Emirates
Yas Marina Circuit
0 members have this team as their favourite
Tweets about Susie Wolff
600,999 comments on Mercedes 56 members have this team as their favourite Tweets about Mercedes
Replies (1)
Login to replyianf1
Posts: 185
I think Ferrari will be getting worried if this is true