F1

Teams may already have new Concorde deals - report

Global Motorsport Media

Ferrari and Red Bull may already have inked separate new Concorde Agreements with F1 chief executive Bernie Ecclestone.

Montezemolo denies new Concorde deal
Montezemolo denies new Concorde deal

Photo by: xpb.cc

The rumour follows the top teams' recent split from the association FOTA.

The current tripartite Concorde agreement, binding the teams with the commercial rights holder and governing FIA, runs out at the end of 2012.

Germany's Auto Motor und Sport quotes Ferrari president Luca di Montezemolo as denying that a new deal has already been struck.

"We will start with the negotiations in January," he said.

By trying to deal with the big teams individually, Ecclestone could - for example - promise Ferrari and Red Bull more money whilst weakening the ability of the FOTA group to negotiate a proportionately higher share of the income.

Montezemolo added: "Whether as a group or individually, we will come to an agreement."

Write a comment
Show comments
About this article
Series F1
Tags ferrari, fota, montezemolo, red bull

User photos

stirlingf18
F1

stirlingf18

1 photos
erikjunius
F1

erikjunius

37 photos
EuroRacer
F1

EuroRacer

21 photos
SurdinP
F1

SurdinP

1 photos
max
F1

max

29 photos
ADLITIKA
F1

ADLITIKA

213 photos
Kevin_Bennett_Photo
F1

Kevin_Bennett_Photo

139 photos
Upload photo