The hidden discord of F1's new Concorde

The hidden discord of F1's new Concorde

Formula 1 finally has its new Concorde Agreement, but things aren't nearly as straightforward as they appear. DIETER RENCKEN uncovers which party loses out most through the new agreement

As a piece of PR, the press release circulated by the FIA during last Friday's World Motor Sport Council session in Dubrovnik was worth its weight in gold, both politically and commercially: as an over-arching roadmap providing a future direction for Formula 1 for the next eight years through to 2020, the value of its (electronic) paper by far exceeded its substance.

Consider the opening paragraph: The agreement reached by the FIA and the Formula 1 Group in July 2013, setting out the framework for implementation of the Concorde Agreement for the period 2013 - 2020, has now come into force, following the approval of the respective governing bodies of the signatory parties.

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