Tag Archive: Concorde Agreement

Sep 07

Monza’s F1 future remains in doubt

The comments sparked waves of worry among F1 fans and, in particular, the world-famous Tifosi.

GP2 - Monza As the F1 world rejoices at the historic, high speed and highly popular Monza, the future of the fabled Italian grand prix remains in serious doubt. Read the rest of this entry »

Jul 31

Teams to argue with Ecclestone over 22-race calendar

F1 team bosses are heading for a clash with Bernie Ecclestone over the shape of the next grand prix calendars.

2014-06-08_0747 It has emerged that Mexico is joining the schedule next year, and Azerbaijan and possibly New Jersey in 2016. That would blow the number of races out from 19 – comfortably under the Concorde Agreement limit of 20 – to a potential 22. Read the rest of this entry »

Mar 07

Concorde Agreement era is over – Ecclestone

The era of the Concorde Agreement is at its end, according to Bernie Ecclestone.

2013-06-06_0008 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. Read the rest of this entry »

Nov 21

F1 deal fraught with ‘constant crisis’ – CVC official

No one wants to buy formula one when there’s no Concorde Agreement signed

150x80-flagworldf1Donald Mackenzie, the highest profile figure at F1 owners CVC, has described his investment in the sport as one fraught with “constant crisis”. Read the rest of this entry »

Nov 11

FIA to take $120m F1 ownership stake

The FIA is set to take a 1 per cent ownership stake in formula one.

Flagworld - F1Writing in the Guardian, leading F1 business journalist Christian Sylt said the move will be part of the sport’s forthcoming stock market floatation. Read the rest of this entry »

Nov 08

Ecclestone paid ‘bribes’ to F1 team bosses

“They were paid to ensure that their teams did sign.  Isn’t that right?”

2012-06-07_0277Bernie Ecclestone’s long reign at the top of formula one could end over an alleged multi-million ‘bribe’ paid to jailed German banker Gerhard Gribkowsky. Read the rest of this entry »

Oct 14

Mercedes vows to match Renault’s engine trickery

“We need to analyse what they have done”

2013-06-06_0006 Mercedes has vowed to catch F1’s runaway Renault-powered teams, as it risks losing millions in Concorde Agreement bonus money. Read the rest of this entry »

Oct 01

Big F1 teams oppose single fuel supplier

F1’s major teams reportedly oppose moves to appoint a single fuel supplier.

2013-06-09_1039Last week after the meeting of the World Motor Sport Council, it emerged that the new Concorde Agreement paves the way for a single supplier of fuel in future. Read the rest of this entry »

Sep 27

FIA finally signs up to new Concorde

The FIA has finally signed on to a new Concorde Agreement.

2011-06-09_0006In late July at the Hungaroring, F1 chief executive Bernie Ecclestone sat down with FIA president Jean Todt and shook hands on the new deal through 2020. Read the rest of this entry »

Aug 01

FIA to keep control of F1’s print media

The FIA is staying in control of the accreditation of F1’s print journalists.

2012-04-22 - Bahrain Grand Prix - Bernie Ecclestone - Jean TodtBefore Bernie Ecclestone and Jean Todt shook hands at the Hungaroring last weekend, it was reported control of journalists had been a sticking point as they worked towards a new Concorde Agreement deal. Read the rest of this entry »

Jul 27

Ecclestone, Todt, still on road to new Concorde

They shook hands and smiled, and they signed the papers.

2012-04-22 - Bahrain Grand Prix - Bernie Ecclestone - Jean TodtThe news swept through the Hungaroring paddock like wind — the 2013 Concorde Agreement is signed at last! Read the rest of this entry »

Jun 03

Mercedes could quit over Ecclestone corruption

Mercedes parent Daimler inserted an exit clause relating to corruption

2013-05-12 - Mercedes AMG Petronas F1 Team - Spain - Dr Dieter Zetsche 04Mercedes is not ruling out quitting formula one over the Bernie Ecclestone corruption scandal. Read the rest of this entry »

May 31

Todt backs Ecclestone amid corruption charge

“He has every right to his job and he does it very well.”

2012-04-22 - Bahrain Grand Prix - Bernie Ecclestone - Jean TodtFIA president Jean Todt has backed Bernie Ecclestone, as German prosecutors prepare to charge the F1 chief executive for corruption. Read the rest of this entry »

May 22

Bianchi feels pressure to push Marussia forward

“I’m used to pressure anyway” – Bianchi

Jules Bianchi - photo © Jean-Francois Galeron WRI2 Jules Bianchi thinks it is possible Marussia is on the verge of breaking into F1’s midfield. Read the rest of this entry »

May 02

Loss of F1 income ‘really hurts’ – Marussia

“We can confirm we’ve not had any offer from CVC at all.”

2013-03-23 - Marussia F1 Team - Malaysia - Jules Bianchi(1)Pat Symonds has admitted Marussia’s loss of Concorde Agreement revenue “really hurts”. Read the rest of this entry »

Apr 29

Only top ten teams to be paid – Ecclestone

The truth now emerges

2012-06-10_0439The team that finishes last will no longer receive any formula one income, Bernie Ecclestone has revealed. Read the rest of this entry »

Mar 08

Marussia yet to agree TV coverage deal for 2013

It is possible Marussia will be notably missing from next weekend’s coverage of the 2013 season opener.

11 - Marussia F1 Team2013-02-10 - Marussia F1 Team - Jerez - Max Chilton 02That 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. Read the rest of this entry »

Feb 21

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

Formula 1 Circuit in Sochi - Bernier Ecclestone 2Flagworld - F1The 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. Read the rest of this entry »

Feb 12

Marussia to stay in F1 with new Concorde – Ecclestone

No more teams are set to follow HRT through F1’s paddock exit, Bernie Ecclestone insists.

2013-02-10 - Marussia F1 Team - Jerez - Max Chilton 05Formula 1 Circuit in Sochi - Bernier Ecclestone 2There 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’. Read the rest of this entry »

Feb 06

Marussia confirms Razia for 2013

Marussia on Wednesday finally confirmed reports Luiz Razia has completed the team’s 2013 race driver lineup.

11 - Marussia F1 TeamGP2 - Luiz Razia wins Valencia Sprint Race (Arden International)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. Read the rest of this entry »

Jan 27

Losing tenth crucial to F1 exit – Glock

Losing tenth place in the constructors’ championship at the final hurdle last year was a major reason for Timo Glock’s shock departure.

2012-06-10_04582012-06-09_0241Asked by speed-academy.de to outline when he first realised his future with the struggling team for 2013 was in doubt, German Glock recalled the dying moments of last year’s season finale in Brazil. Read the rest of this entry »

Jan 26

Horner not only team boss at Maranello

Christian Horner was not at Maranello recently to discuss his or Adrian Newey’s possible switch to Ferrari.

2011-05-07 - Pirelli -Turkey - Pirelli factory - Marco Tronchetti - Eric Boullier - Martin Whitmarsh - Christian Horner2004_09_08_Italia_6609When 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. Read the rest of this entry »

Jan 21

Marussia admits money reason for Glock exit

Marussia on Monday admitted the need for money is behind the decision to part with the team’s long-time lead driver Timo Glock.

11 - Marussia F1 Team2012-11-04 - Marussia F1 Team - Abu Dhabi - Timo Glock (4)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’. Read the rest of this entry »

Dec 13

Ecclestone wants F1 to shed one more team

With HRT bowing out of formula one, Bernie Ecclestone would be happy to see the sport lose one more team.

2012-11-15_00082012-06-10_0442“I’d rather have 10,” the F1 chief executive told Reuters on Thursday.  “I never wanted 12.” HRT’s departure leaves just 11 teams on the grid for 2013.  It emerged recently that the struggling backmarker Marussia is the only team on the 2013 entry list that is yet to be offered a new Concorde Agreement deal. Read the rest of this entry »

Dec 11

New Concorde deals could be ‘unlawful’ – Parr

“There’s a strong case that an unequal division of power and money to a subset of teams is unlawful”

2012-11-15_0006Flagworld - F1The way Bernie Ecclestone agreed better deals for top teams like Ferrari and Red Bull could be “unlawful”, former Williams chairman Adam Parr said on Tuesday. Having resigned in March, the Briton has now all but confirmed rumours he was pushed out of formula one by its F1 chief executive Ecclestone. Read the rest of this entry »

Dec 10

Parr confirms Ecclestone triggered F1 exit

Former Williams chairman Adam Parr has confirmed it was Bernie Ecclestone who pushed him to leave formula one.

2012-11-15_00082009-09-13 - Italie - Williams - Adam Parr and Patrick HeadEarlier this year, Briton Parr – Williams’ de-facto team principal – suddenly quit, despite his apparently rising stature within the Oxfordshire based team and the F1 paddock. Read the rest of this entry »

Dec 05

Marussia not offered 2013 Concorde Agreement deal

Marussia is the only team on the official 2013 entry list that is yet to be offered a new Concorde Agreement deal.

12 - Marussia F1 Team2012-11-04 - Marussia F1 Team - Abu Dhabi - Timo Glock (1)The German website motorsport-total.com reports that the news could be particularly bad for the Russian-owned British backmarker, as Bernie Ecclestone is apparently considering scrapping the so-called ‘column 3′ benefits for the sport’s new teams that debuted in 2010. Read the rest of this entry »

Dec 04

Adam Parr could be next to sue Ecclestone – report

Earlier this year, Briton Parr – Williams’ de-facto team principal – suddenly quit.

2011-07-24 - AT&T Williams - Germany - Adam Parr 012011-06-09_0309Bernie Ecclestone’s next headache could be in the form of former Williams chairman Adam Parr, according to a report in the German language Speed Week. Read the rest of this entry »

Dec 01

HRT not on FIA’s 2013 entry list

HRT is missing from the FIA’s official entry list for 2013.

11 - HRT F1 TeamFlagworld - FIAIt was already known that the Spanish team has not signed the crucial Concorde Agreement for next season and beyond, and that staff had been told in Brazil the outfit will fold within a week if a buyer is not immediately found. Read the rest of this entry »

Nov 27

Red Bull to spend millions on staff title bonus

The gesture will cost the energy drink-owned squad millions

01 - Red Bull Racing2012-10-14 - Red Bull Racing - Korea - Mark Webber - Sebastian VettelF1 team Red Bull will pay a 10,000 British pound (US $16,000) bonus to every staff member, after winning the drivers’ and constructors’ championships for a third consecutive time in 2012, the Telegraph reports.

Read the rest of this entry »

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