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Todt hopeful over new Concord Agreement
The president of the FIA, Jean Todt, has indicated that the sport is now very close to signing off on a new Concord Agreement, and said that he is confident that one will finally be agreed and signed in the coming weeks.The Concord Agreement is the commercial contract between the FIA, the F1 teams and the Bernie Ecclestone-led Formula One Management (FOM) which holds the commercial rights to the sport. The agreement is the 'terms and conditions' under which Grand Prix racing is held, deciding among other things how the revenue from the sport is shared out between the various parties."I think we have all the ingredients to allow the FIA and FOM and the teams to finalise the...
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