Formula 1 chiefs insist there will be no repeat of Bernie Ecclestone’s ‘divide-and-conquer’ tactics with the teams in a bid to nail down the next Concorde Agreement.
Grand Prix racing's key stakeholders have begun discussions to frame the next Concorde Agreement, the document by which F1 is run, that is set to cover the period 2026 to 2030. History has shown that the Concorde discussions are often extremely fraught, as teams vie for greater commercial rights income from the promoter as well as over other teams.
The teams have embraced that, and profited from that, because they've not only seen the growth in F1 revenues and their share of the profits in their own sponsorship, but we’ve also seen growth in the value of teams.” Maffei went on to cite the fact that the commercial boom that F1 has enjoyed over recent years, allied to the positive impact of the cost cap, means that the health of the grid has never been as strong as it is now.
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