The first salvo in the new Concorde battle

The first salvo in the new Concorde battle

Dieter Rencken analyses the opening bout of issues brought up by the latest Concorde Agreement

When asked back in October by this column whether negotiations for an extension to the 2010-2012 Concorde Agreement were imminent – as they should be, particularly given that the current covenant, which outlines the obligations of teams, the FIA and its Formula 1 commercial rights holder (FOM), took three acrimonious years to agree – a team principal allowed that they (the Formula One Teams' Association) were planning to 'get their ducks in a row once the season is over'.

The timing makes enormous sense, for reaching unanimous agreement on a contentious document will hardly be the work of a race day Saturday. After all it not only details the distribution of revenues estimated to exceed $8bn during the agreement's tenure between parties as disparate as the FIA; CVC, an insatiable venture fund, and anything up to 13 teams ranging from grandees with palatial facilities to budget outfits working out of rented space, but also outlines the future regulatory framework for this most complicated of all sports.

To continue reading this feature...

You must have an AUTOSPORT+ subscription. Prices start from just $1.50 per week and give you full unrestriced access to all news and features. View package options? Magazine subscriber?

AUTOSPORT+

from just $1.50 per week

  • Get unlimited access to AUTOSPORT with news and views from the paddock
  • Enjoy AUTOSPORT+: subscriber-only analysis, comment and top-quality pictures
  • Explore every F1 stat in the world’s best motorsport database

Pay as you go

Read this feature right now for just

$1