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Mercedes refusing to sign new Concorde Agreement, has the most to lose – Wolff

Mercedes is 'the biggest victim' in Formula 1's latest Concorde Agreement according to Toto Wolff, which would result in a major financial hit for the German manufacturer. Wolff confirmed on Friday that Mercedes has yet to put pen to paper on a new deal and is reluctant until further changes are made. The Concorde Agreement is the contract that governs the sport and determines how much money each team is paid. The previous agreement heavily favours Ferrari, which receives a huge payment called the Long-Standing Team (LST) payment, even before its result are taken into consideration. McLaren, Red Bull, Williams and Mercedes receive a similar but far lesser payment for their historic...
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