Formula One boss Chase Carey has said that he is close to completing the new Concorde Agreement with teams which will come into effect from the 2021 season. A key part of the Concorde Agreement is how the sport's income is distributed as prize money to teams. Article continues under video Currently, there is a huge imbalance between the haves and the have nots. Ferrari especially benefit from a huge $73million 'Long-Standing Team' bonus, a figure which has seen them consistently sit as the top earners in the sport. In total, Ferrari received prize money in the region of $205m. In contrast, the lowest earning teams get just over $50m. That is the news from Chase Carey, who was speaking to...
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