Mar 24

F1 agrees new Concorde with ‘majority’ of teams

Paddock abuzz with Concorde intrigue

Flagworld - F12011-06-09_0314“The majority” of F1’s teams have agreed a deal over a new Concorde Agreement. The news was announced by the sport’s chief executive Bernie Ecclestone, who remains in Europe, in time for Saturday’s final practice session in Malaysia.

Previously, it was reported Red Bull and Ferrari were set to agree separate new deals for F1’s future beyond the current commercial contract in 2013 and beyond.

But Ecclestone said on Saturday F1 has in fact “reached commercial agreements with the majority of the current formula one teams, including Ferrari, McLaren and Red Bull Racing”.

It was not revealed which teams have not agreed the terms for the new Concorde.

Paddock abuzz with Concorde intrigue

As ever in the high-intrigue world of formula one politics, what is not said always has more value that what is freedly revealed.

That is doubly true if the shrewd Bernie Ecclestone is at the steering wheel.

Firstly, while some interpreted Saturday’s news as a 2013 Concorde Agreement being done and dusted, the F1 chief executive’s short statement in fact merely said “the terms” of the next contract have been agreed.

And the major keyword was that “the majority” of the teams – including Ferrari, McLaren and Red Bull – are on board.

“Bernie’s used the word majority,” McLaren team boss Martin Whitmarsh is quoted by the Mirror.  “If there are 12 teams, that’s seven or more.

“I don’t know any more.”

The big missing domino is Mercedes, who according to multiple media sources are holding out for now.

Another is the famous British outfit Williams.

“All agreements between FOM and the teams are normally subject to confidentiality clauses,” Red Bull’s Christian Horner is quoted in German reports.

“So I can’t comment.”

Germany’s Auto Motor und Sport reported that, in addition to the aforementioned top teams, also set to sign up for 2013 are Red Bull sister team Toro Rosso and Ferrari-powered Sauber.

Lotus and Force India are reportedly also part of that group.

That leaves just the three slowest teams Caterham, Marussia and HRT as the other teams remaining in the cold.

source: GMM