McLaren not rushing into new deal

McLaren boss Ron Dennis said the team will not rush into a new deal in regard to the Concorde Agreement but will consider what is best for the future. Ferrari, the FIA and Bernie Ecclestone's Formula One Management (FOM) recently announced an ...

McLaren boss Ron Dennis said the team will not rush into a new deal in regard to the Concorde Agreement but will consider what is best for the future. Ferrari, the FIA and Bernie Ecclestone's Formula One Management (FOM) recently announced an extension of the Agreement from 2008 to 2012 but the other teams have yet to sign.

"This is very much being presented as a 2008 solution and we have a current agreement which is in force to the end of 2007," Dennis said at Barcelona's Circuit de Catalunya, where the MP4-20 was having its first track outing on January 24th.

"At the moment none of the proposals have any relevance at all to the period between now and the end of 2007 so there's no incentive to rush into any new agreement. That's probably not been the case with Ferrari," he added, according to Reuters.

"I presume they have had some financial inducement to enter into some sort of agreement sooner but that's certainly not as I understand it a situation that exists with any of the other teams and certainly not McLaren."

The teams are due to meet with Ecclestone this week to discuss the new deal. Many think that Ferrari committing to Formula One means the end of Grand Prix World Championship but the group is urging the teams to consider its proposals, which are due to be presented before the season opener in Melbourne.

Be part of something big

Write a comment
Show comments
About this article
Series Formula 1
Drivers Bernie Ecclestone
Teams Ferrari , McLaren