No one wants to buy formula one when there’s no Concorde Agreement signed
Tag Archive: Concorde Agreement
It is possible Marussia will be notably missing from next weekend’s coverage of the 2013 season opener.
That is because Bernie Ecclestone is yet to agree a new Concorde Agreement with the backmarker team. The F1 chief executive said recently that he has agreed bilateral financial deals with every team, Marussia included.
F1 powerbrokers Bernie Ecclestone and Jean Todt are set to meet on Thursday, according to Germany’s Auto Motor und Sport.
Powerbokers Ecclestone, Todt, to meet Thursday
The topic? The unsigned 2013 Concorde Agreement. Although F1 chief executive Ecclestone has inked bilateral financial agreements with all the teams, the signatures are still missing on the crucial pact between the teams, the commercial rights holder, and the FIA.
No more teams are set to follow HRT through F1′s paddock exit, Bernie Ecclestone insists.
There has been speculation the economic situation in the sport and the wider world could claim more scalps, with Marussia at the top of the list, having reportedly failed to negotiate a new Concorde Agreement with F1′s ‘supremo’.
Marussia on Wednesday finally confirmed reports Luiz Razia has completed the team’s 2013 race driver lineup.
The 23-year-old Brazilian, runner-up in last year’s GP2 championship, will mark the news by testing Marussia’s newly-launched MR02 car at Jerez on Wednesday. The 2013 vacancy, now filled by Razia, opened up recently when Marussia split with Timo Glock, citing the need for a sponsored driver.
Losing tenth place in the constructors’ championship at the final hurdle last year was a major reason for Timo Glock’s shock departure.
Christian Horner was not at Maranello recently to discuss his or Adrian Newey’s possible switch to Ferrari.
When the Red Bull team boss was spotted at Ferrari’s fabled headquarters, it fired into action the speculative minds of the Italian and – in turn – the international press. Actually, according to German correspondent Michael Schmidt, also at Maranello for the very same meeting were Bernie Ecclestone, Martin Whitmarsh and Niki Lauda.
Marussia on Monday admitted the need for money is behind the decision to part with the team’s long-time lead driver Timo Glock.
It is believed German Glock, 30, was being paid about EUR 3 million per season. Reportedly yet to agree a new Concorde Agreement deal with Bernie Ecclestone, and narrowly missing out on the lucrative tenth place in the 2012 constructors’ championship, Marussia will almost certainly now replace Glock with a ‘pay driver’.