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New Concorde Agreement on the ‘back burner'

CEO of the Formula One Group Chase Carey says the new Concorde Agreement has been put on the 'back burner' for now. All teams competing in Formula 1 must sign this agreement, and with the current one due to expire at the end of 2020, it means technically Formula 1 has no teams signed up to compete in 2021. But with the bigger issue that the series' owner Liberty Media are trying to tackle, Carey confirmed that while a new Concorde Agreement is close, finalising it has been shuffled down the list of priorities. “We had been in the final stages of completing the Concorde Agreement when the coronavirus crisis turned everything on its head,” Carey said in a call with Wall Street analysts....
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3y ago from PlanetF1.com 0
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