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'No need' for Concorde Agreement - Ecclestone
Bernie Ecclestone has claimed Formula One can get by without the contract which has been at the heart of the sport for over 30 years and commits all the teams to race. The contract, known as the Concorde Agreement, is signed by the teams, motor racing's governing body the Fédération Internationale de l'Automobile (FIA) and the F1 Group which is run by Ecclestone. In addition to committing the teams to race, it determines how F1 is run from the location of races to the amount of prize money which is paid out. The contract has been in place since 1981 but it expired at the end of 2012. Ecclestone has spent the past year trying to negotiate a new contract, to run until the end of 2020, but...
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12y ago from espnF1.com
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