Formula One's two 'new' teams, Red Bull Racing and Jordan, are not yet ready to commit to either a new Concorde Agreement or the plans of the Grand Prix World Championship (GPWC). The sport's manufacturers, aside from Ferrari, recently met with...
Formula One's two 'new' teams, Red Bull Racing and Jordan, are not yet ready to commit to either a new Concorde Agreement or the plans of the Grand Prix World Championship (GPWC). The sport's manufacturers, aside from Ferrari, recently met with nine teams to outline its proposals for the future and it seems the rival series is far from dead and buried.
Sauber confirmed this week that it has signed a Memorandum of Understanding with the manufacturers, which makes seven teams aligned with the breakaway group. However, Red Bull and Jordan have taken a 'wait and see' stance.
Red Bull's Christian Horner said the team had expressed to GPWC that it is committed to F1 under the current Concorde Agreement until it expires at the end of 2007 -- which says nothing really, as all the teams are bound until that time.
Jordan sporting director Trevor Carlin was equally not willing to make a decision. "We are considering both propositions," he said, according to the Guardian. "If we jump in now with GPWC we will have no clout or influence, so we will sit tight and wait and see."
"We may still have the Jordan name but the reality is that we are new kids on the block and we certainly don't want to upset the formula one applecart. We are enjoying being courted by both sides and don't feel that we are in a hurry to make a decision."
Only Ferrari has signed a new Concorde Agreement to continue in F1 until 2012. One of the points of contention from the other teams is Ferrari's preferential treatment under the current agreement, as they want a championship on equal terms.
Ron Dennis recently said that McLaren could leave F1 come 2008. "We will not participate in grand prix racing unless there is a level playing field," he remarked. It's not the first time a team principal has mentioned leaving F1 since this saga started, but like Red Bull and Jordan, we will have to wait and see.