Why Concorde is still a long way off
Despite Bernie Ecclestone and Jean Todt agreeing the process by which the new Concorde Agreement will be implemented, a final deal is still far from finalised, as Dieter Rencken explains
Seven months in and still no Concorde Agreement in sight for Formula 1, despite promises stretching back over two years that a replacement for the 2010-12 covenant, which defined the technical, sporting and governance procedures of the sport and outlined the mutual obligations of the three player groups – governing body FIA, commercial rights holder Formula One Group and teams – was imminent.
However, a public signing ceremony was staged on Saturday in Hungary between FIA president Jean Todt and Formula One Group CEO Bernie Ecclestone in the latter's spacious motorhome, with a joint release afterwards stating:
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