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Wolff favours extension to Concorde Agreement

Toto Wolff believes F1’s current Concorde Agreement, which is due to expire at the end of 2020, should be extended for another year. The Concorde Agreement is the contract which binds together the FIA, Formula 1 and its competing teams to ensure fair competition and the even distribution of commercial revenue. First drawn up in 1981, the Concorde Agreement has been renewed six times since then, most recently in 2013, and the eighth edition was due to be finalised this year only to be delayed by the global health pandemic. Mercedes boss Wolff is in no hurry for the sport to be tied in to a new agreement and feels the existing arrangement should be carried through to the end of 2021, after...
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