Concorde Agreement 2021

Formula 1 teams have unanimously agreed to sign the new Concorde agreement that will govern the World Motorsport Series from 2021 to 2025. The agreement is named after the Paris square where the talks took place. On 29 July 2008, the ten teams currently present created the Formula One Team Association (FOTA) to negotiate the terms of the contract. Following a dispute between FOTA and the FIA in the first half of 2009, a new Concorde contract was signed by Mosley and all the teams, although Sauber, in transition as the majority owner of BMW, announced shortly before his intention to retire from the sport at the end of the season, waiting for a majority stake in the team to be returned to Peter Sauber, before he signs. The new agreement provides for the continuation of the provisions of the 1998 agreement and will continue until 31 December 2012. . .

Comments are closed.