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Wolff prefers Mercedes not to enter new Concorde Agreement for five years

After the teams have agreed on important technical and sporting regulations last year, a crucial deadline is coming up again this year. The current commercial agreement between Formula 1 and the teams (the Concorde Agreement) is coming to an end. Toto Wolff now has a proposal to make these negotiations easier. The Concorde Agreement lays down the commercial arrangements between Formula 1 and the teams for five years. In these uncertain times, however, according to Wolff, it is difficult for parties like Mercedes to commit to the sport for such a long period of time. He therefore proposes to extend the current treaty by one more year, before a new treaty is signed. Read more Hamilton wants...
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