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Ecclestone: We no longer need a Concorde Agreement

According to Bernie Ecclestone new agreements with the Formula One teams mean that a Concorde Agreement is no longer necessary.The Concorde Agreement, which first came into existence in 1981 and which dictates all commercial aspects of the sport, was supposed to be signed-off in 2013 and run until 2020. However, the signatories - Ecclestone, the FIA and the teams have yet to sign it.While the Concorde Agreement covered most aspects of the sport - certainly the all-important financial issues - it did not cover the Technical and Sporting Regulations which were the work of the FIA. However, as of last year, the F1 Strategy Group, which comprises six teams, the FIA and F1 Group, are...
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