Bernie Ecclestone has reportedly handed over an estimated £170 million to the FIA in order to secure the recently announced Concorde Agreement.
Last week, the FIA confirmed that a Concorde Agreement had finally been signed off by motorsport's governing body and Bernie Ecclestone.
The FIA said in a statement that "this agreement provides the FIA with significantly improved financial means to pursue its regulatory missions and to reflect the enhanced role undertaken by the FIA in the Motor Sport."
And according to Kevin Eason at The Times, those improved finances are to the tune of "£124 million" over the eight years of the Agreement with a "cash sweetener...
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